Buy IndusInd Bank, target price Rs 1300: Prabhudas Lilladher

Prabhudas Lilladher has buy call on IndusInd Bank with a target price of Rs 1300. The current market price of IndusInd Bank is Rs 1189.95. 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 93082.08 Crore).

IndusInd Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 10113.29 Crore, up 3.57 % from last quarter Total Income of Rs 9764.91 Crore and up 8.02 % from last year same quarter Total Income of Rs 9362.76 Crore. The bank reported net profit after tax of Rs 1631.14 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 16.51 per cent stake in the company as of 30-Jun-2022, while FIIs owned 45.83 per cent, DIIs 21.02 per cent.