ICICI Direct has given Buy recommendation for IndusInd Bank with a target price of Rs. 1150 in its research report issued on May 02, 2022

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.

Leave a Reply

Your email address will not be published.