Buy IndusInd Bank, target price Rs 1200: Motilal Oswal

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Buy IndusInd Bank, target price Rs 1200:  Motilal Oswal


Motilal Oswal has buy call on with a target price of Rs 1200. The current market price of IndusInd Bank Ltd. is Rs 910.25.

IndusInd Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 64058.65 Crore).

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Interest Income of Rs 5910.66 Crore, down -1.29 % from last quarter Interest Income of Rs 5987.74 Crore and down -2.82 % from last year same quarter Interest Income of Rs 6082.32 Crore. The bank reported net profit after tax of Rs 830.39 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 13.4 per cent stake in the company as of Dec 30, 2020, while FIIs held 58.7 per cent, DIIs 14.8 per cent and public and others 13 per cent.





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