HomeNewsBusinessStocksIndusInd Bank may test Rs 710: Rahul Shah

IndusInd Bank may test Rs 710: Rahul Shah

Rahul Shah of Motilal Oswal is of the view that IndusInd Bank can test Rs 710 in next 2-3 days.

October 20, 2014 / 13:37 IST
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Rahul Shah of Motilal Oswal told CNBC-TV18, "I like IndusInd Bank with a stoploss of Rs 665 and a target of Rs 710 and it should be achieved in next two-three days."

At 13:20 hrs IndusInd Bank was quoting at Rs 667.20, up Rs 5.85, or 0.88 percent. It has touched a 52-week high of Rs 674.70.

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The company's trailing 12-month (TTM) EPS was at Rs 30.16 per share. (Sep, 2014). The stock's price-to-earnings (P/E) ratio was 22.12. The latest book value of the company is Rs 170.95 per share. At current value, the price-to-book value of the company was 3.9. The dividend yield of the company was 0.52 percent.

first published: Oct 20, 2014 01:37 pm

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