Buy IndusInd Bank, target price Rs 1,720: Analyst

Motilal Oswal securities has maintained its buy rating on IndusInd Bank with the target price of Rs 1,720. The brokerage expects IndusInd’s loan book growth to remain modest due to ongoing slowdown in CV business. It added that upcoming management succession is a crucial event but it is unlikely to be disruptive. Shares of Indusind bank closed at Rs 1,399 down 5.6%.