Sell IndusInd Bank, price target Rs 1420: Kunal Bothra

Independent Analyst Kunal Bothra has a sell call on IndusInd Bank Ltd. with a target price of Rs 1420. The current price of IndusInd Bank Ltd. is Rs 1458.3. Kunal Bothra recommended to keep a stop loss at Rs 1480.

IndusInd Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 101298.00 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 4370.20 Crore and Net Non Performing Assets (Net NPAs) of Rs 2202.57 Crore.

For the quarter ended 30-09-2019, the company has reported a Consolidated Interest Income of Rs 5948.67 Crore, up 3.39 % from last quarter Interest Income of Rs 5753.84 Crore and up 33.61 % from last year same quarter Interest Income of Rs 4452.10 Crore. The bank has reported net profit after tax of Rs 1400.95 Crore in latest quarter.