Buy IndusInd Bank Ltd., target Rs 1300: Prabhudas Lilladher

Prabhudas Lilladher has a buy call on IndusInd Bank Ltd. with a target price of Rs 1300. The current market price of IndusInd Bank Ltd. is R 1111.3. Time period given by analyst is year, when IndusInd Bank Ltd. price can reach defined target. In the planning cycle 3, which concludes in FY17, IndusInd Bank's key focus is to scale up its operations using a 3D strategy - dominate, differentiate and diversify. Strong core profitability, an improving CASA ratio (best among mid-sized private banks) and healthy return ratios are key positives, said the brokerage note. "A potential slowdown in CV sales or a sharp moderation in fee income streams remain the key risks to our estimates," it said.