Neutral IndusInd Bank, target Rs 1300 : UBS

UBS has a neutral call on IndusInd Bank Ltd. with a target price of Rs 1300 .The current market price of IndusInd Bank Ltd. is Rs 1219.95 The brokerage a year for IndusInd Bank price to reach the defined target. The global investment bank expects the loan growth to remain higher than the industry at 25 per cent CAGR over FY16-19E. It also expects the growth in PAT to moderate to sub 25 per cent in FY18-19E on slowing fee income. While earnings growth is higher than industry, UBS believes that this is largely priced in.