News

Stock of the day : IndusInd Bank Ltd For Target Rs. 60 - Religare Broking Ltd IndusInd Bank Ltd * Indusind Bank forming a distribution pattern i.e. Head & Shoulder pattern, suggests bearish tone to continue ahead. * It has recently breached its short term moving average i.e. 20 DEMA and gradually drifting lower. * The recent price action coupled with bearish momentum among the banking pack indicates, prices are likely to remain under pressure. * We thus advise buying Put option in the mentioned zone Buy IndusInd Bank Ltd CMP 37.00; Range 35-...
Stock of the day : IndusInd Bank Ltd For Target Rs. 60 - Religare Broking Ltd
Stock of the day : IndusInd Bank Ltd For Target Rs. 60 - Religare Broking Ltd
Source: Religare Broking Ltd
21/08/2023 10:59:30 AM
Buy IndusInd Bank for Target Rs. 1,609 - Geojit Financial Services Ltd IndusInd Bank (IIB), a part of the Hinduja Group, provides loans for vehicles and property in its consumer finance division, while the corporate banking division offers a wide range of products to SMEs and large enterprises. • Net interest income (NII) grew 4.2% QoQ to Rs. 4,867cr (18.0% YoY), driven by a rise in yield on advances at 12.2% (+20 bps QoQ), despite an increase in the cost of deposits at 6.1% (+31bps QoQ). • Gross and net non-performing assets (GNPA/ NNPA) improved sequ...
Buy IndusInd Bank for Target Rs. 1,609 - Geojit Financial Services Ltd
Buy IndusInd Bank for Target Rs. 1,609 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
27/07/2023 2:17:28 PM
Buy IndusInd Bank Ltd For Target Rs. 1,700 - ICICI Securities Strong growth and stable NIM; expect the trend to sustain Polycab reported strong Q1FY24 with revenue and PAT growth of 42.1% and 80%, respectively YoY. Key drivers were (1) strong institutional demand due to revival in infrastructure, real estate and capex cycle, (2) 88% growth in exports and (3) distribution rejig. We model Polycab to maintain strong earnings CAGR of 24.3% over FY23-25E led by healthy demand from B2B sectors and correction in commodity prices. We also model FMEG segment ...
Buy IndusInd Bank Ltd For Target Rs. 1,700 - ICICI Securities
Buy IndusInd Bank Ltd For Target Rs. 1,700 - ICICI Securities
Source: ICICI Securities Ltd
20/07/2023 12:37:54 PM
Buy IndusInd Bank for Target Rs. 1,794 - LKP Securities Ltd Result and Price Analysis Indusind Bank (IIB) has reported a strong set of numbers with the positives being 1) 30.3% YoY jump in reported profit, led by NIMs surprise (4.29%) and lower provisioning expenses (down 21% YoY), 2) strong business growth (credit: 21.5% YoY, Deposits: 14.6% YoY), 3) Lower slippages (?13.8bn v/s ?16bn in 4QFY23) 4) Stable PCR level (PCR: 71% & Non-specific: 1% of book), 5) reduction in restructuring book to 0.66% v/s 0.84% in the previous quarter, 6) ample cap...
Buy IndusInd Bank for Target Rs. 1,794 - LKP Securities Ltd
Buy IndusInd Bank for Target Rs. 1,794 - LKP Securities Ltd
Source: LKP Securities Ltd
19/07/2023 12:51:59 PM
Buy IndusInd Bank for Target Rs. 1,705 - Yes Securities Ltd Result Highlights Asset quality: Gross slippages amounted to Rs 13.76bn (annualized slippage ratio of 1.8%) and recoveries and upgrades amounted to Rs 5.41bn * Margin picture: NIM at 4.29% inched up 1 bps QoQ sustained by upward repricing of assets and active management of liabilities * Asset growth: Advances grew 3.9%/21.5% QoQ/YoY driven sequentially by Small corporates and select retail segments * Opex control: Total opex rose 5.9%/22% QoQ/YoY, employee expenses rose 3.2%/30.7%...
Buy IndusInd Bank for Target Rs. 1,705 - Yes Securities Ltd
Buy IndusInd Bank for Target Rs. 1,705 - Yes Securities Ltd
Source: Yes Securities Ltd
19/07/2023 12:44:46 PM
Nine banks reported double-digit percentage gains in market capitalization led by IDFC First Bank Eighteen of India's 20 largest banks saw increases in market capitalization in the second quarter, boosted by a stock rally amid the banking sector's strong recovery, according to S&P Global Market Intelligence data and analysis. Nine banks reported double-digit percentage gains in market capitalization, led by IDFC First Bank Ltd. with a 44.53% climb to $6.41 billion. The lender rose to No. 11 from No. 14 in the ranking. IDBI Bank Ltd. climbed three spots to No. 8 after a 2...
Nine banks reported double-digit percentage gains in market capitalization led by IDFC First Bank
Nine banks reported double-digit percentage gains in market capitalization led by IDFC First Bank
Source: IANS
13/07/2023 4:40:40 PM
Buy IndusInd Bank for Target Rs. 1,450 - ICICI Direct Three year plan – focus on growth, gradual RoA uptick About the stock: 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 2600 branches as on March 2022 Q4Y23 Results: IndusInd Bank reported an in line performance.         ...
Buy IndusInd Bank for Target Rs. 1,450 - ICICI Direct
Buy IndusInd Bank for Target Rs. 1,450 - ICICI Direct
Source: ICICI Direct
28/04/2023 11:27:04 AM
Buy IndusInd Bank for Target Rs. 1,122 - ICICI Securities IndusInd Bank (IIB) reported healthy set of numbers with stable NIMs, robust loan growth and strong RoAs though sequentially higher gross slippages and continued run-down in SA balances were key irritants. Bank reported its Q4FY23 PAT at Rs20.4bn, up 50% YoY (4% QoQ), on the back of 13% YoY (2% QoQ) growth in core operating earnings and moderation in credit costs. Annualised RoA have been strong at 1.9% for Q4FY23 and 1.8% for FY23. Despite strong financials, growth and capital levels, the i...
Buy IndusInd Bank for Target Rs. 1,122 - ICICI Securities
Buy IndusInd Bank for Target Rs. 1,122 - ICICI Securities
Source: ICICI Securities
26/04/2023 10:43:23 AM
Buy IndusInd Bank for Target Rs. 1,375 - JM Financial Institutional Securities IndusInd Bank reported a steady, in-line quarter with profits at INR 20.4bn (46% YoY, est. INR 20.8bn). NIMs came in at 4.28% with deposit growth at 14.6% YoY and retail deposits (as per LCR) now at 43% of deposits. IIB’s cost of funds increased +20bps QoQ. Slippages were a tad higher sequentially led by microfinance delinquencies and one-off corporate slippage. Mgmt has put out its next 3-yr targets with respect to growth, profitability and asset quality and is targeting 18-23% loan gr...
Buy IndusInd Bank for Target Rs. 1,375 - JM Financial Institutional Securities
Buy IndusInd Bank for Target Rs. 1,375 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
25/04/2023 12:16:18 PM
Buy IndusInd Bank for Target Rs. 1,410 - Yes securities Result Highlights * Asset quality: Gross slippages amounted to Rs 16.03bn (annualized slippage ratio of 2.2%) and recoveries and upgrades amounted to Rs 9.18bn * Margin picture: NIM at 4.28% inched up 1 bps QoQ aided by a sequentially higher loan to deposit ratio * Asset growth: Advances grew 6.3%/21.3% QoQ/YoY driven sequentially by Small corporates and select retail segments * Opex control: Total opex rose 6.1%/19.9% QoQ/YoY, employee expenses rose 4.6%/27% QoQ/YoY and other expenses ...
Buy IndusInd Bank for Target Rs. 1,410 - Yes securities
Buy IndusInd Bank for Target Rs. 1,410 - Yes securities
Source: Yes securities
25/04/2023 11:30:51 AM
Buy IndusInd Bank for Target Rs. 1,450 - Motilal Oswal Financial Services Restructured portfolio dips 41bp QoQ to 0.8%; MFI 30+ DPD declines to 1.1% * IndusInd Bank (IIB) reported an in-line 4QFY23 performance with PAT at INR20.4b (up 46% YoY) and steady operating performance across all metrics. * Loan growth was healthy at 21% YoY with traction in both Corporate and Consumer Finance books. Within consumer, growth was broad based barring 2Ws and LAP. MFI loans reported a healthy sequential pick up. * Fresh slippages increased slightly to INR16b (2.4% annua...
Buy IndusInd Bank for Target Rs. 1,450 - Motilal Oswal Financial Services
Buy IndusInd Bank for Target Rs. 1,450 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
25/04/2023 11:17:53 AM
Buy IndusInd Bank for Target Rs. 1,079 - Motilal Oswal Financial Services IndusInd Bank (IIB) released its quarterly update, highlighting the key business numbers for 4QFY23. Following are the key takeaways: * Net advances picked up and grew 21.3% YoY to ~INR2.9t. Loan growth continued to remain healthy; loans rose 6.3% QoQ (v/s +4.9% QoQ in 3QFY23). The C-D ratio for the bank increased further to 86.2% (up 240bp QoQ). * Deposit growth came in healthy at 3.4% QoQ (up 14.6% YoY to ~INR3.36t). Within deposits, term deposits grew 6.8% QoQ (up 20.0% YoY) while CA...
Buy IndusInd Bank for Target Rs. 1,079 - Motilal Oswal Financial Services
Buy IndusInd Bank for Target Rs. 1,079 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
5/04/2023 3:15:28 PM
Buy IndusInd Bank for Target Rs. 1,450 - Motilal Oswal Financial Services The RBI approves re-appointment of MD & CEO for two years Focus to shift on fundamental performance; estimate FY25 RoE at 18% * The RBI approved the re-appointment of Mr. Sumant Kathpalia as the MD & CEO of IndusInd Bank (IIB) for a period of two years, effective 24th Mar’23, after his current term ends on 23rd Mar’23. There was uncertainty around his extension and all sorts of conjectures were made with respect to the tenure that will get approved by the central ban...
Buy IndusInd Bank for Target Rs. 1,450 - Motilal Oswal Financial Services
Buy IndusInd Bank for Target Rs. 1,450 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
13/03/2023 11:05:34 AM
Buy IndusInd Bank 780 PE for Target Rs.1,470 - JM Financial Institutional Securities In-line quarter IndusInd Bank (IIB) reported a steady quarter with core-PPOP growth at +20% YoY, healthy loan and deposit growth momentum (+19% and +14% YoY resp.) and steady asset quality (GNPL/NNPL at 2.06%/0.62%). Loan growth is picking up with improving loan growth momentum across segments. We expect IIB to clock 20% CAGR in loans over FY22-25E in line with management guidance. IIB’s cost of deposits has inched up 37bps QoQ as the bank is increasingly focused on retail and granul...
Buy IndusInd Bank 780 PE for Target Rs.1,470 - JM Financial Institutional Securities
Buy IndusInd Bank 780 PE for Target Rs.1,470 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
2/03/2023 10:55:44 AM
Buy IndusInd Bank Ltd For Target Rs.1495 - Yes Securities Material rise in cost of deposits indicative of wholesale deposit dependence Result Highlights ? Asset quality: Gross slippages amounted to Rs 14.67bn (annualized slippage ratio of 2.2%) and recoveries and upgrades amounted to Rs 5.28bn ? Margin picture: NIM at 4.27% inched up 3 bp QoQ aided by a sequentially higher loan to deposit ratio ? Asset growth: Advances grew 4.9%/19.3% QoQ/YoY driven sequentially by Small corporates and select retail segments ? Opex control: Total opex rose 3.5...
Buy IndusInd Bank Ltd For Target Rs.1495 - Yes Securities
Buy IndusInd Bank Ltd For Target Rs.1495 - Yes Securities
Source: Yes Securities Ltd
1/03/2023 1:54:17 PM
Buy IndusInd Bank Ltd : Credit growth to be strong, earnings outlook robust; - Anand Rathi Shares and Stock Brokers Buy IndusInd Bank Ltd For Target Rs. 1408 Credit growth to be strong, earnings outlook robust; Buy Indusind Bank’s Q3 FY23 profitability improved, with a 1.86% RoA (up 8bps q/q) and stable asset quality. Key positives were 1) strong disbursements in the VF book, 2) strong retail deposit growth, 3) sturdy balance sheet with 70% coverage and a Rs21.9bn provision buffer (0.8% of loans) and 4) strong liquidity and capitalisation. With credit growth expected to be strong and moderating...
Buy IndusInd Bank Ltd : Credit growth to be strong, earnings outlook robust; - Anand Rathi Shares and Stock Brokers
Buy IndusInd Bank Ltd : Credit growth to be strong, earnings outlook robust; - Anand Rathi Shares and Stock Brokers
Source: Anand Rathi Share and Stock Brokers Ltd
6/02/2023 2:47:02 PM
Buy IndusInd Bank Ltd For Target Rs.1,473 - LKP Securities Growth & margin strong; Retail asset quality deteriorated Result and Price Analysis Indusind Bank has reported stable set of numbers and the positives are 1) 68% YoY jump in reported profit, led by NIMs expansion (4.27%) and lower provisioning expenses (down 36% YoY), 2) Strong business growth (credit: 19.3% YoY, Deposits: 14.3% YoY), 3) Stable PCR level (PCR: 71% & Non-specific: 1.25% of book), 4) Reduction in restructuring book to 1.25% v/s 1.5% in the previous quarter, 5) Amp...
Buy IndusInd Bank Ltd For Target Rs.1,473 - LKP Securities
Buy IndusInd Bank Ltd For Target Rs.1,473 - LKP Securities
Source: LKP Securities Ltd
19/01/2023 2:26:40 PM
India's IndusInd Bank posts bigger-than-expected Q3 profit jump  Indian private lender IndusInd Bank reported a bigger-than-expected jump in third-quarter profit on Wednesday, lifted by strong loan growth and a drop in provisions for bad loans. The company's standalone profit, which excludes results of unit Bharat Financial Inclusion, jumped 68.7% to 19.59 billion rupees ($241 million) in the three months ended Dec. 31. Analysts were expecting a profit of 18.59 billion rupees, according to Refinitiv IBES data. Provisions dropped 35.6% in...
India's IndusInd Bank posts bigger-than-expected Q3 profit jump
India's IndusInd Bank posts bigger-than-expected Q3 profit jump
Source: IANS
18/01/2023 4:45:16 PM
Stock Picks : IndusInd Bank Ltd And Maruti Suzuki Ltd By ICICI Direct IndusInd Bank Ltd Buy IndusInd Bank Ltd @ 1230-1232 CMP 1234.40 Stop Loss 1220.30 Target 1248.00   Maruti Suzuki Ltd Buy Maruti Suzuki Ltd @ 8438-8442 CMP 8453.40 Stop Loss 8512.00 Target 8398.00   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631 ...
Stock Picks : IndusInd Bank Ltd And Maruti Suzuki Ltd By ICICI Direct
Stock Picks : IndusInd Bank Ltd And Maruti Suzuki Ltd By ICICI Direct
Source: ICICI Direct
16/01/2023 11:12:41 AM
Indian bank stocks` record rally to continue as balance sheets strengthen Stocks of Indian lenders have rallied this year to touch a record high on Wednesday and analysts believe the party is likely to continue as banks issued robust earnings reports for the latest quarter. The Nifty public sector bank index has jumped about 50% so far this year and the bank index has risen roughly 17%, handily outperforming the benchmark Nifty 50 index's approximately 4% gain. This comes at a time when credit growth is at a multi-year high and bad loans across lenders ha...
Indian bank stocks` record rally to continue as balance sheets strengthen
Indian bank stocks` record rally to continue as balance sheets strengthen
Source: Reuters
10/11/2022 2:08:15 PM
Buy IndusInd Bank Ltd For Target Rs . 1,420 - ICICI Securities IndusInd Bank (IIB) demonstrated 1.8% RoA and 14.45% RoE in Q2FY23, thereby improving visibility of it being able to deliver >5% PPoP/loans, 1.7%/1.9% RoAs and 14.4%/15.7% RoEs by FY23E/FY24E respectively. Maintain BUY with target price unchanged at Rs1,420 (1.8x FY24E book). Key risks: 1) Higher opex towards franchise investment, 2) credit cost not normalising soon. What surprised positively: NIMs improved 3bps QoQ to 4.24% (least anticipated from IIB in this quarter). Though 12bps ...
Buy IndusInd Bank Ltd For Target Rs . 1,420 - ICICI Securities
Buy IndusInd Bank Ltd For Target Rs . 1,420 - ICICI Securities
Source: ICICI Securities Ltd
20/10/2022 4:40:58 PM
Buy Indusind Bank Ltd For Target Rs.1,218 - LKP Securities Result and Price Analysis IndusInd Bank has reported a strong set of numbers and the positives are 1) 58% YoY jump in Reported profit, led by NIMs expansion (4.24%) and lower provisioning expenses (down 33% YoY), 2) Strong business growth (credit: 17.8% YoY, Deposits: 14.7% YoY), 3) Stable PCR level (PCR: 72% & Non-specific: 1.5% of book), 4) Reduction in restructuring book to 1.5% v/s 2.1% in the previous quarter, 5) Ample capital cushion (CAR: 18.01%), 6) Improvement in GNPA ratio (2...
Buy Indusind Bank Ltd For Target Rs.1,218 - LKP Securities
Buy Indusind Bank Ltd For Target Rs.1,218 - LKP Securities
Source: LKP Securities Ltd
20/10/2022 11:30:42 AM
Buy Indusind Bank Ltd For Target Rs. 1,500 - Yes Securities Result Highlights * Asset quality: Gross slippages amounted to Rs 15.7bn (annualized slippage ratio of 2.4%) and recoveries and upgrades amounted to Rs 7.7bn * Margin picture: NIM at 4.24% inched up 3 bp QoQ aided by a sequentially higher yield on advances and improving loan to deposit ratio * Asset growth: Advances grew 4.9%/17.8% QoQ/YoY driven sequentially by Large and Small corporates and select retail segments * Opex control: Total opex rose 5.0%/20.3% QoQ/YoY, employee expen...
Buy Indusind Bank Ltd For Target Rs. 1,500 - Yes Securities
Buy Indusind Bank Ltd For Target Rs. 1,500 - Yes Securities
Source: Yes Securities Ltd
20/10/2022 10:22:29 AM
Stock Picks - Tata Motors Ltd and Indusind Bank Ltd By ICICI Direct Tata Motors Ltd Buy Tata Motors Ltd @ 404-406 CMP 399.00 Stop Loss 400.70 Target 408.90/413.20   Indusind Bank Buy Indusind Bank Ltd @ 1200-1204 CMP 1184.25 Stop Loss 1189.70 Target 1213.80/1216.40   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631  ...
Stock Picks - Tata Motors Ltd and Indusind Bank Ltd By ICICI Direct
Stock Picks - Tata Motors Ltd and Indusind Bank Ltd By ICICI Direct
Source: ICICI Direct
14/10/2022 12:09:13 PM
IndusInd Bank gains after Route One Fund I LP divests stake in Bank IndusInd Bank is currently trading at Rs. 1176.80, up by 12.40 points or 1.06% from its previous closing of Rs. 1164.40 on the BSE. The scrip opened at Rs. 1175.00 and has touched a high and low of Rs. 1180.05 and Rs. 1156.30 respectively. So far 74199 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1275.25 on 20-Sep-2022 and a 52 week low of Rs. 763.75 on 23-Jun-2022. Last one week high and low of the scrip st...
IndusInd Bank gains after Route One Fund I LP divests stake in Bank
IndusInd Bank gains after Route One Fund I LP divests stake in Bank
Source: Accord Fintech
12/10/2022 4:28:31 PM
Buy IndusInd Bank Ltd For Target Rs. 1,420 - ICICI Securities Strategic objectives oriented towards stability, granularity, domain outperformance, sustainability We expect IndusInd Bank (IIB) to further build on the 1.7% RoA and 13.4% RoE delivered in Q1FY23, thereby reaffirming our confidence in its ability to deliver >5% PPoP / loans, 1.7% / 1.9% RoAs and 15% / 16% RoEs by FY23E / FY24E respectively. Revival in MFI lending, and market share gain in SME, vehicle, and card segments as well as scale-up in the small- and mid-corporate lending book w...
Buy IndusInd Bank Ltd For Target Rs. 1,420 - ICICI Securities
Buy IndusInd Bank Ltd For Target Rs. 1,420 - ICICI Securities
Source: ICICI Securities Ltd
26/09/2022 11:13:33 AM
Buy IndusInd Bank Ltd For Target Rs.1,300 - Anand Rathi Share and Stock Brokers Credit growth to pick up, earnings outlook bright; retaining a Buy Immediately after the first Covid wave, Indusind Bank was severely hit on both asset and liability sides. Its turnaround in the last few quarters has been stellar given that one-third of its assets (VF+MFI books) were impacted and the strong run on deposits on its liability side. Stress on its VF & MFI books was much lower than the industry and strong traction was seen in deposits. We expect credit growth and profitabil...
Buy IndusInd Bank Ltd For Target Rs.1,300 - Anand Rathi Share and Stock Brokers
Buy IndusInd Bank Ltd For Target Rs.1,300 - Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers Ltd
5/09/2022 4:29:40 PM
Buy IndusInd Bank Ltd For Target Rs.1,270 - JM Financial Institutional Securities Strong quarter; on track for valuation rerating IndusInd reported a strong 1Q23 quarter: a) robust core operating performance (core PPOP growth at +5% QoQ, +26% YoY), b) strong growth momentum (loans + 18% YoY, deposits +13%YoY) and c) steady asset quality (GNPL/NNPL/restructuring at 2.35%/0.7%/2.1%; +8bps/+3bps/-50bps QoQ). Loan growth was broad based spread across sectors and management indicated that while macro headwinds exist, IIB remains on track to achieve loan growth of 15-18% goin...
Buy IndusInd Bank Ltd For Target Rs.1,270 - JM Financial Institutional Securities
Buy IndusInd Bank Ltd For Target Rs.1,270 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
26/08/2022 2:20:13 PM
Buy IndusInd Bank Ltd For Target Rs. 1,275- Emkay Global To focus on scalability with sustainability and profitability The bank hosted an analyst meet to showcase its reorganized management profile, give an update on Planning Cycle 5 and provide some insights into Planning Cycle 6. The KTAs: *  Well on course to achieve PC 5 goals despite Covid shock; PC 6 to focus on building scale with profitability and sustainability: Under the Planning Cycle (PC) 5, the bank has fortified its retail liability franchise, fine-tuned its corporate banki...
Buy IndusInd Bank Ltd For Target Rs. 1,275- Emkay Global
Buy IndusInd Bank Ltd For Target Rs. 1,275- Emkay Global
Source: Emkay Global Financial Services Ltd
23/08/2022 10:30:19 AM
Buy IndusInd Bank Ltd For Target Rs.1,300 - Motilal Oswal Operating performance on track; earnings gaining traction Restructured book moderates to 2.1% *  IIB reported a stable quarter, with PAT of INR16.3b (+61% YoY, 11% beat) aided by higher other income as NII, Opex and provisions came in line in 1QFY23. Asset quality deteriorated QoQ due to slippages from the restructuring book.  * Loan growth remained steady across both Corporate and Consumer Finance books. The CV book and Credit Card portfolio too witnessed a robust sequen...
Buy IndusInd Bank Ltd For Target Rs.1,300 - Motilal Oswal
Buy IndusInd Bank Ltd For Target Rs.1,300 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
23/08/2022 9:19:03 AM
IndusInd Bank zooms on partnering with Rupyy to offer paperless loans for used-cars IndusInd Bank zooms on partnering with Rupyy to offer paperless loans for used-cars Aug-02-2022   14:17 Hrs IST IndusInd Bank is currently trading at Rs. 1067.65, up by 26.80 points or 2.57% from its previous closing of Rs. 1040.85 on the BSE. The scrip opened at Rs. 1032.00 and has touched a high and low of Rs. 1069.00 and Rs. 1032.00 respectively. So far 209123 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week...
IndusInd Bank zooms on partnering with Rupyy to offer paperless loans for used-cars
IndusInd Bank zooms on partnering with Rupyy to offer paperless loans for used-cars
Source: Accord Fintech
2/08/2022 2:57:28 PM
Hold Indusind Bank Ltd For Target Rs.1,100 - Choice Broking Indusind Bank (IIB IN) reported strong set of numbers for Q1FY23 with robust improvement in the business growth and profitability. NII grew by 15.8% YoY on healthy interest income and contained CoF leading to increase in NIM to 4.21%. PAT rose by 60.5% YoY to Rs16 bn (above our estimate of Rs13 bn) led by strong core operating performance and decline in the credit cost. Bank also managed to avoid the MTM losses on active trading strategies. Loan growth rose to multi-quarter high at 17.7% YoY ...
Hold Indusind Bank Ltd For Target Rs.1,100 - Choice Broking
Hold Indusind Bank Ltd For Target Rs.1,100 - Choice Broking
Source: Choice Broking Pvt Ltd
23/07/2022 9:32:51 AM
Buy IndusInd Bank Ltd For Target Rs.1,065 - LKP Securities Steady operating performance; marginal increase in NPA ratio Result and Price Analysis Indusind bank has reported a decent set of numbers with the positives being 1) 67% yoy jump in reported profit led by NIMs expansion (4.21%) and lower provisioning expenses (down 32% yoy), 2) Strong business growth (credit: 17.7% yoy, Deposits: 13.3% yoy), 3) Stable PCR level (PCR: 72% & Non-specific: 1.6% of book), 4) Reduction in restructuring book to 2.1% v/s 2.6% in the previous quarter, 5) Am...
Buy IndusInd Bank Ltd For Target Rs.1,065 - LKP Securities
Buy IndusInd Bank Ltd For Target Rs.1,065 - LKP Securities
Source: LKP Securities Ltd
21/07/2022 12:21:46 PM
Buy Indusind Bank Ltd For Target Rs.1,126 - Yes Securities A forgettable quarter; all eyes on revenue recovery Result Highlights * Asset quality: Gross slippages amounted to Rs 22.50bn (annualized slippage ratio of 3.6%) and recoveries and upgrades amounted to Rs 6.04bn * Margin picture: NIM at 4.21% inched up 1 bp QoQ aided by a slightly higher rise in yield on assets compared with that for cost of funds * Asset growth: Advances grew 3.7%/17.7% QoQ/YoY driven sequentially by Mid and Small corporates and few retail segments * Opex con...
Buy Indusind Bank Ltd For Target Rs.1,126 - Yes Securities
Buy Indusind Bank Ltd For Target Rs.1,126 - Yes Securities
Source: Yes Securities Ltd
21/07/2022 11:55:17 AM
IndusInd Bank moves up on reporting 61% rise in Q1 consolidated net profit IndusInd Bank is currently trading at Rs. 921.00, up by 42.10 points or 4.79% from its previous closing of Rs. 878.90 on the BSE. The scrip opened at Rs. 901.00 and has touched a high and low of Rs. 928.00 and Rs. 893.90 respectively. So far 194961 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1241.85 on 28-Oct-2021 and a 52 week low of Rs. 763.75 on 23-Jun-2022. Last one week high and low of the scrip stood ...
IndusInd Bank moves up on reporting 61% rise in Q1 consolidated net profit
IndusInd Bank moves up on reporting 61% rise in Q1 consolidated net profit
Source: Accord Fintech
21/07/2022 11:09:33 AM
Key Stock News - Wipro Ltd, Future Retail Ltd, IndusInd Bank Ltd, ITC Ltd, ONGC Ltd, Hatsun Agro Products Ltd - ARETE Securities Key News Wipro Q1 results: Net profit falls 21% to Rs 2,564 cr as expenses rise IT major Wipro Ltd reported a 21% fall in June-quarter profit on Wednesday as higher employee-related costs pushed up the information technology services firm's overall expenses. June-quarter consolidated net profit came in at Rs 2,564 crore, compared with Rs 3,243 crore a year ago. Revenue from operations rose nearly 18% to Rs 21,529 crore as against Rs 18,048 crore in Q1FY22.   NCLT admits B...
Key Stock News - Wipro Ltd, Future Retail Ltd, IndusInd Bank Ltd, ITC Ltd, ONGC Ltd, Hatsun Agro Products Ltd - ARETE Securities
Key Stock News - Wipro Ltd, Future Retail Ltd, IndusInd Bank Ltd, ITC Ltd, ONGC Ltd, Hatsun Agro Products Ltd - ARETE Securities
Source: ARETE Securities Ltd
21/07/2022 9:10:49 AM
Buy IndusInd Bank Ltd For Target Rs.1,300 - Motilal Oswal Financial Services Loan growth remains healthy; CASA mix improves to 43.2% IIB released its quarterly update, highlighting key business numbers for 1QFY23. Following are the key takeaways: * Net advances picked up and grew 18.4% YoY to ~INR2.5t. Loan growth continued to remain healthy and improved 4.4% QoQ (v/s +4.6% QoQ in 4QFY22). The CD ratio for the bank improved further to 82.3% (up 93bp). * Deposit growth came in at a modest 3.2% QoQ (up 13.3% YoY to ~INR3.0t). Within deposits, CASA/term deposits...
Buy IndusInd Bank Ltd For Target Rs.1,300 - Motilal Oswal Financial Services
Buy IndusInd Bank Ltd For Target Rs.1,300 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
4/07/2022 12:45:41 PM
Stock Picks - Infosys Ltd and IndusInd Bank Ltd By ICICI Direct Infosys Ltd Buy Infosys @ 1416.00-1420.00 CMP 1418.00 Stop Loss 1406.70 Target 1428.70/1439.00   IndusInd Bank Ltd Sell IndusInd Bank Ltd @ 784.00-786.00 CMP 786.35 Stop Loss 792.70 Target 778.10/771.00   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Above views are of the author and not of the website kind...
Stock Picks - Infosys Ltd and IndusInd Bank Ltd By ICICI Direct
Stock Picks - Infosys Ltd and IndusInd Bank Ltd By ICICI Direct
Source: ICICI Direct
21/06/2022 11:10:23 AM
IndusInd Bank gains on joining hand with Mahagram IndusInd Bank is currently trading at Rs. 910.00, up by 7.45 points or 0.83% from its previous closing of Rs. 902.55 on the BSE. The scrip opened at Rs. 901.10 and has touched a high and low of Rs. 916.95 and Rs. 896.70 respectively. So far 35156 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1241.85 on 28-Oct-2021 and a 52 week low of Rs. 811.60 on 27-Dec-2021. Last one week high and low of the scrip stood at...
IndusInd Bank gains on joining hand with Mahagram
IndusInd Bank gains on joining hand with Mahagram
Source: Accord Fintech
24/05/2022 10:55:55 AM
Buy IndusInd Bank Ltd For Target Rs. 1,300 - Motilal Oswal In line performance; earnings outlook improving Restructured book moderates to 2.6% IIB reported an in line quarter, with a PAT of INR14b (+51% YoY, in line), aided by healthy NII growth and controlled provisions. Asset quality ratios improved sequentially as stress in the MFI/Vehicle portfolio subsided. Loan book grew 4.6% QoQ, led by a pick-up in both the Corporate and Consumer Finance book. The CV book too reported a sequential growth, led by Utility Vehicles. Its Tractor and Cred...
Buy IndusInd Bank Ltd For Target Rs. 1,300 - Motilal Oswal
Buy IndusInd Bank Ltd For Target Rs. 1,300 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
4/05/2022 10:29:53 AM
Buy IndusInd Bank Ltd For Target Rs. 1,150 - ICICI Direct Growth momentum continues to be healthy… About the stock: 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 Q4FY22 Results: IndusInd Bank reported a healthy performance. GNPA down 21 bps QoQ to 2.27%. Restructured book down 70 bps to 2.6% Total loan related provisions declined to 3.5% vs. ...
Buy IndusInd Bank Ltd For Target Rs. 1,150 - ICICI Direct
Buy IndusInd Bank Ltd For Target Rs. 1,150 - ICICI Direct
Source: ICICI Direct
2/05/2022 12:31:01 PM
Add IndusInd Bank Ltd For Target Rs. 1,100 - Choice Broking Key Rationale: Building growth momentum in high yielding segments to support margin NIM expected remain above 4% on the back of high yield on consumer book (>14%) and contained CoF High standard assets provisioning provides comfort from assets quality risks Bank is focusing on strengthening liability franchise Slippages and credit cost ratios are expected to decline over the next two fiscals We assign ADD rating to stock with revised target price of Rs1,100 per share valu...
Add IndusInd Bank Ltd For Target Rs. 1,100 - Choice Broking
Add IndusInd Bank Ltd For Target Rs. 1,100 - Choice Broking
Source: Choice Broking Pvt Ltd
2/05/2022 11:03:51 AM
Buy IndusInd Bank Ltd For Target Rs. 1,420 - ICICI Securities Improving visibility towards >5% PPoP/loans, >1.8% RoAs and 15% RoEs Our interaction with the management of IndusInd Bank (IIB) suggests that the macro uncertainties / volatility amidst current geopolitical situation and prolonged supply disruption may pose some risk to financing demand in gems/jewellery (Russia accounts for ~30% of global diamond output) and vehicle financing (due to rise in fuel prices). Nonetheless, with disbursements reaching pre-covid levels in most retail produ...
Buy IndusInd Bank Ltd For Target Rs. 1,420 - ICICI Securities
Buy IndusInd Bank Ltd For Target Rs. 1,420 - ICICI Securities
Source: ICICI Securities Ltd
19/04/2022 1:16:12 PM
Buy IndusInd Bank Ltd For Target Rs. 1,300 - Motilal Oswal Business growth picks up sequentially; CASA mix at 42.8% IIB released its quarterly update, highlighting key business numbers for 4QFY22. Following are the key takeaways: Net advances picked up and grew ~12.6% YoY to ~INR2.4t. Loan growth improved sequentially to 4.7% QoQ (v/s +3.5% QoQ in 3QFY22). The CD ratio for the bank improved to 81.5% (up ~120bp). Deposit growth came in at a modest 3.1% QoQ (up 14.6% YoY to ~INR2.9t). Within deposits, CASA/term deposits grew 4.8%/1.9% QoQ (up ...
Buy IndusInd Bank Ltd For Target Rs. 1,300 - Motilal Oswal
Buy IndusInd Bank Ltd For Target Rs. 1,300 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
6/04/2022 1:13:04 PM
IndusInd Bank moves NCLT against Zee Entertainment Lender IndusInd Bank has moved National Company Law Tribunal (NCLT) against Zee Entertainment over an alleged default of just over Rs 83 crore. According to a regulatory filing by Zee Entertainment, an application has been filed against the company under the Insolvency and Bankruptcy Code, 2016. "An application has been filed against the Company, under Section 7 of the Insolvency and Bankruptcy Code, 2016 read with Rule 4 of the Insolvency and Bankruptcy Rules 2016, by IndusInd Ban...
IndusInd Bank moves NCLT against Zee Entertainment
IndusInd Bank moves NCLT against Zee Entertainment
Source: IANS
5/02/2022 11:38:22 AM
Buy IndusInd Bank Ltd For Target Rs. 30 - Religare Broking Derivative Ideas INDUSINDBK shed 2.27% and closed at 899.65 on 18th Jan. After the recent upmove, the scrip is showing profit taking along with its pack. However we feel the retracement to extend till 880 levels in the short term. We recommend to go Short in INDUSINDBK with PE option. Strategy:- BUY INDUSINDBK 900 PE @ 16-18, SLOSS AT 12, TRGT 30.   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://www.religareonline...
Buy IndusInd Bank Ltd For Target Rs. 30 - Religare Broking
Buy IndusInd Bank Ltd For Target Rs. 30 - Religare Broking
Source: Religare Broking Ltd
19/01/2022 12:12:18 PM
Weekly Tech Picks - Infosys Ltd, Astec LifeSciences Ltd, IndusInd Bank Ltd, Housing Development Finance Corporation Ltd By Axis Securities Infosys Ltd * On the weekly chart, the stock has decisively broken out its five months consolidation formation on a closing basis * This breakout is accompanied with huge volumes indicating increased participation on rally * The stock was observed from its 20, 50 and 100 Day SMA support zone which reconfirm bullish sentiments * The daily and weekly strength indicator RSI and the momentum indicator Stochastic both are in bullish mode which supports rising strength as well as m...
Weekly Tech Picks - Infosys Ltd, Astec LifeSciences Ltd, IndusInd Bank Ltd, Housing Development Finance Corporation Ltd By Axis Securities
Weekly Tech Picks - Infosys Ltd, Astec LifeSciences Ltd, IndusInd Bank Ltd, Housing Development Finance Corporation Ltd By Axis Securities
Source: Axis Securities Ltd
19/12/2021 11:35:46 AM
Buy IndusInd Bank Ltd For Target Rs.1,400 - Motilal Oswal Liability franchise strengthening; loan growth gains traction Asset quality risks receding; expect RoA/RoE at 2.0%/16.7% in FY24E * IIB’s consistent efforts in strengthening its liability franchise have been yielding results. After witnessing a sharp run down in deposits over Mar’20, the management has increased its focus on garnering Retail deposits. The same has grown by 59% YoY in Sep’21, while the mix as per LCR disclosures rose 980bp YoY to 41%. * Loan growth o...
Buy IndusInd Bank Ltd For Target Rs.1,400 - Motilal Oswal
Buy IndusInd Bank Ltd For Target Rs.1,400 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
30/11/2021 9:46:24 AM