Buy IndusInd Bank with a target of Rs 1370: Systematix Shares & Stock

Systematix Shares & Stock has Buy call on IndusInd Bank Ltd. with a target price of Rs 1370 . The current market price of IndusInd Bank Ltd. is Rs 1093.2 . Time period given by the brokerage house is year when IndusInd Bank Ltd. price can reach defined target. IIB is likely to deliver impressive operating performance over FY16-18, driven by high capital adequacy, robust branch expansion, strong growth in retail advances and superior asset quality.