The growth outlook of IndusInd Bank is strong and seen in this context, the valuation is still reasonable
PRO Only Highlights
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
Highlights Strong overall show from IndusInd Bank Asset quality gains a pristine look, restructured portfolio declines Credit growth strong and guiding to a stronger second half Deposit growth decent, SA deposits falter – an area of focus Valuation still reasonable in the context of the growth highway ahead We have been highlighting the rerating potential of IndusInd Bank (IIB CMP: Rs 1218, Market cap: Rs 94,455 crore) for a while. With a 39 percent rally in the stock in the past three months against a…
