Buy IndusInd Bank, target price Rs 1260: ICICI Securities

ICICI Securities has buy call on IndusInd Bank with a target price of Rs 1260. The current market price of IndusInd Bank Ltd. is Rs 1002.35. Time period given by analyst is one year when IndusInd Bank Ltd. price can reach defined target.

IndusInd Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 77801.70 Crore).

Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 9362.76 Crore, up 1.77 % from last quarter Total Income of Rs 9199.71 Crore and up 7.84 % from last year same quarter Total Income of Rs 8682.17 Crore. The bank reported net profit after tax of Rs 1016.05 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 15.2 per cent stake in the company as of June 30, 2021, while FIIs held 56 per cent, DIIs 16.3 per cent and public and others 12.5 per cent.