Buy Indian Bank; target of Rs 75: Anand Rathi

Anand Rathi is bullish on Indian Bank has recommended buy rating on the stock with a target price of Rs 75 in its research report dated October 26, 2020.

Broker Research

October 28, 2020 / 17:03 IST

26 Aug, 2025 12:21

Volume

Todays L/H

Anand Rathi 's research report on Indian Bank

NIM expansion and higher non-interest income led to a strong, 40%, y/y increase in Indian Bank’s Q2 operating profits. With the standstill on NPA recognition, asset quality and PCR improved. Collection efficiency improved exceptionally in Sep.

Outlook

We maintain our positive view on the bank at a TP of Rs75, valuing it at 0.3x P/ABV on its FY22e book.

For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Broker Research

first published: Oct 28, 2020 05:03 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347