Time period given by analyst is Intra Day when IndusInd Bank Ltd. price can reach defined target.
IndusInd Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 80001.50 Crore).
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 9199.71 Crore, up 3.52 % from last quarter Total Income of Rs 8887.28 Crore and up .45 % from last year same quarter Total Income of Rs 9158.80 Crore. The bank reported net profit after tax of Rs 926.07 Crore in latest quarter.
Investment Rationale
Indusind Bank has been trading in a range. The upper end of the trading range which is around 1330 has been breached with above average volumes.
Promoter/FII Holdings
Promoters held 13.4 per cent stake in the company as of Dec 30, 2020, while FIIs held 58.7 per cent, DIIs 14.8 per cent and public and others 13 per cent.
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