Will update on target price for IndusInd Bank post quarter: Edelweiss Sec

In an interview to CNBC-TV18, Nilesh Parikh, Associate Director at Edelweiss Securities shared his expectations from IndusInd Bank’s Q1 results.

“One of the things we need to watch from the bottomline perspective is they had made the provisions specific to a cement account and that resolution has happened before the quarter. So there are possibilities that there could be reversals to that extent,” he said.

We will update the target price for IndusInd Bank post this quarter, he added.

For full discussion, watch accompanying video...