Buy IndusInd Bank, target Rs 1900: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on IndusInd Bank Ltd. with a target price of Rs 1900.0 . The current market price of IndusInd Bank Ltd. is Rs 1856.0 Time period given by the analyst is Intra Day when IndusInd Bank Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 1835. IndusInd Bank Ltd., incorporated in 1994, has a market cap of Rs 111534.36 crore.

IndusInd Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 13699.91 Crore to Sales Value (79.27 % of Total Sales), Income From Investment which contributed Rs 3074.38 Crore to Sales Value (17.79 % of Total Sales), Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 321.48 Crore to Sales Value (1.86 % of Total Sales) and Interest which contributed Rs 184.99 Crore to Sales Value (1.07 % of Total Sales)for the year ending 31-Mar-2018.

The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 1740.62 Crore (1.15 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs 762.35 Crore (.51% of total assets). For the quarter ended 30-06-2018, the company has reported a Standalone Interest Income of Rs 4146.62 Crore, up 13.01 % from last quarter Interest Income of Rs 3669.32 Crore and up 26.78 % from last year same quarter Interest Income of Rs 3270.70 Crore. The bank has reported net profit after tax of Rs 1035.72 Crore in latest quarter.