Expect better number for IndusInd Bank: Deven Choksey

In a chat with ET Now, Deven Choksey, MD, KR Choksey Securities, shares his views on various stocks.

ET Now:What is your call on IndusInd Bank?

Deven Choksey: We expect numbers to be slightly better for the stock. We believe that there would be an overall 32% growth in a non-fee, non-interest income portfolio. This will give them an interest income portfolio. IndusInd Bank would have a growth of around 24% and so an average of around 27% overall operating income portfolio growth is expected.

We expect a net profit for the company to be at around Rs 207 crore for this particular quarter. So, we are expecting a little better performance coming out from IndusInd Bank. Largely it is the fee-based income portfolio, which is likely to drive the profitability for the bank, which is going to be smarter at the bottom line level.