Hold IndusInd Bank; target of Rs 1875: Arihant Capital

Arihant Capital recommended hold rating on IndusInd Bank with a target price of Rs 1875 in its research report dated January 12, 2018.

Arihant Capital's research report on IndusInd Bank

IndusInd Bank (IIB), yet again, delivered a top quartile performance across parameters. Net profit grew by 25% YoY and stood at Rs 936 crs. Loan book grew at 25% YoY. The ratio of corporate to consumer loans stood at 52:48.

Outlook

Indusind Bank has continued to show sustained progress across all vectors. At current growth rates bank will achieve Phase-4 targets well in time. At CMP of Rs.1,709 the stock is trading at 3.7(x) its FY 19E ABV. 

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