Sell IndusInd Bank, price target Rs 1,020: Dharmesh Shah

Dharmesh Shah of ICICI Direct has a sell call on IndusInd Bank Ltd. with a target price of Rs 1020.0 . The current price of IndusInd Bank Ltd. is Rs 1079.95 . Dharmesh Shah recommended to keep a stoploss at Rs 1122 .

IndusInd Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 74897.29 Crore).

IndusInd Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 18256.68 Crore to Sales Value (82.01 % of Total Sales), Income From Investment which contributed Rs 3677.34 Crore to Sales Value (16.51 % of Total Sales) and Interest which contributed Rs 225.10 Crore to Sales Value (1.01 % of Total Sales)for the year ending 31-Mar-2019.


The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 4578.43 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs 2173.29 Crore (.00% of total assets).