Buy IndusInd Bank, target price Rs 1850: Motilal Oswal
IndusInd Bank with a target price of Rs 1850. The current market price of IndusInd Bank Ltd. is Rs 1493.1.
IndusInd Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 114774.95 Crore).
IndusInd Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2023.
Financials For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 14706.66 Crore, up 5.29 % from last quarter Total Income of Rs 13968.17 Crore and up 20.80 % from last year same quarter Total Income of Rs 12174.31 Crore. The bank reported net profit after tax of Rs 2349.15 Crore in latest quarter.
Promoter/FII Holdings Promoters held 16.4 per cent stake in the company as of 31-Mar-2024, while FIIs owned 40.25 per cent, DIIs 27.95 per cent.
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