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IndusInd Bank – Does the correction price in concerns?

Investors with higher risk appetite may consider IIB.

April 28, 2020 / 04:45 PM IST
IndusInd Bank – Does the correction price in concerns?

Highlights - Asset quality picture continues to bother - Core performance on expected lines with margin improvement - Provision mars profit although improves the cover to 63 percent - Deposits declined in the quarter but has reportedly picked up in April - Management’s strategy of risk aversion and focus on quality comforting - Post correction valuation attractive, risk takers should buy The free fall in the stock price of IndusInd Bank (IIB) (CMP: Rs 408, Market Cap: Rs 28,251 crore) in the past three months seemed to suggest...

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