IndusInd Bank Ltd.

NSE: INDUSINDBK | BSE: 532187 | ISIN: INE095A01012 | Industry: Banks
| Risky Value
881.2500 13.65 (1.57%)
NSE Jul 15, 2025 15:18 PM
Volume: 3.4M
 

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IndusInd Bank Ltd.
12 Jan 2016
881.25
1.57%
Reliance Securities
IndusInd Bank Limited (IIB) reported 3QFY16 profit in line with our expectation, led by robust growth in balance sheet along with healthy growth in NII and fee income. Overall, business growth improved substantially during 3Q as credit grew 28.7% yoy and 4.9% qoq and deposits moved up 24.6% yoy and 6.9% qoq. The bank has completed capital raising of Rs5.1bn through core equity from QIP & preferential issue to promoter. Post capital raising, Tier I ratio improved to 15.6% v/s 11.2% in Mar'15. Fresh capital will help IIB to grow faster during economic upcycle and gain market share in both corporate and retail segments. We continue to recommend BUY on the stock with a Target Price of Rs1,192....
IndusInd Bank Ltd. has lost -38.57% in the last 1 Year
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