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Book profits in IndusInd Bank: Sandeep Wagle

Sandeep Wagle of powermywealth.com is of the view that one may book profits in IndusInd Bank.

October 12, 2017 / 16:29 IST

Sandeep Wagle of powermywealth.com told CNBC-TV18, "If the view on IndusInd Bank is short term, which is up to two to three months, then it does make sense booking some profits at Rs 1,800. However, if the view is anywhere between 12-15 months, one year plus, I think one should hold on for a target of Rs 2,000, maybe even a little higher than that. I would recommend a stoploss of Rs 1,450."

IndusInd Bank ended at Rs 1,742.60, up Rs 25.25, or 1.47 percent.

The share touched its 52-week high Rs 1,818 and 52-week low Rs 1,066.25 on 12 September, 2017 and 24 November, 2016, respectively.

first published: Oct 12, 2017 04:28 pm

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