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HomeNewsBusinessMarketsOptions Trade | An earning-based non-directional options strategy in IndusInd Bank

Options Trade | An earning-based non-directional options strategy in IndusInd Bank

IndusInd Bank is expected to remain sideways within our range. An Iron Condor trade to capitalise on high volatility.

January 17, 2023 / 06:33 IST
IndusInd Bank | CMP: Rs 1,220.95 | The share price ended in the red despite global research firm CLSA upgrading IndusInd Bank to buy from outperform and has raised target to Rs 1,500 per share. Jefferies has a buy call on the stock with target at Rs 1,600 per share. "Q3 update shows loan growth of 19 percent YoY and 5 percent QoQ. Uptick in retail loan growth also makes better margin while deposit growth was slower at 14 percent YoY and 3 percent QoQ. Valuations of the bank are attractive at current level," it said.
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