Buy IndusInd Bank; target of Rs 1150: ICICI Direct

ICICI Direct is bullish on IndusInd Bank has recommended buy rating on the stock with a target price of Rs 1150 in its research report dated May 02, 2022.

Broker Research

May 03, 2022 / 09:53 IST

26 Aug, 2025 12:21

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ICICI Direct's research report on IndusInd Bank

IndusInd Bank is a Hinduja group promoted newer age private sector bank and is the fifth largest private bank in India. Vehicle finance forms around 26% of overall loans · Strong pan-India presence with 5876 branches as on March 2022.

Outlook

We retain our BUY rating on the stock. We value the bank at ~1.6x FY24E ABV and maintain a target price of Rs 1150 per share.For all recommendations report, click here

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Broker Research

first published: May 3, 2022 09:53 am

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