Friday, September 11, 2020

IndusInd Bank Limited | Stock of the Month | Ready to Deliver


IndusInd Bank Limited

Stock/Share Price: 610

➽ In this article we will discuss recent development in the StockShare of Indusind Bank Limited in the Stock Market. After a deep correction from the level of 2000 made a bottom near 350 level. Now after consolidation the stock started rising in uptrend and currently trading at 620. Now this stock should be taken in watch list as in recent time many positive development seen in the stock which will be discussed in this article. 

Recent Key Strengths

IndusInd Bank growth in Net Profit with increasing Profit Margin (QoQ)

Company with Zero Promoter Pledge

Company with decreasing Promoter pledge

MACD crossed above signal line previous end of day

MFs increased their shareholding last quarter

Recent Weaknesses

Decline in Quarterly Net Profit (YoY)

Decline in Quarterly Net Profit with falling Profit Margin (YoY)

Companies with High Debt

Highest fall from 52 Week High

Technical Chart 

indusind bank share price ,

After deep correction and consolidation Indusind Bank gradually and slowly started rising.

Recently the stock crossed the level of 700 and currently in short term correction stock is again trading at 610 level and is available at a good valuation.

As the stock started moving in uptrend , so this price correction is chance to take long position in the stock. Immediate upside level for the stock is at 700 and if stock closes above 700 then immediate price level will be at 780. 

Recent Annual Performance

indusind bank , indusindbk, share price,

For the 3 previous year annual sales and net profit is increasing showing good performance .

Recent Valuation Summary

indusind bank share price ,

Indusind Bank is currently available at a valuation of 13.62 is far cheaper than the industrial valuation of 26.

Key Balance Sheet Summary

indusind bank share price ,

Reserves is increasing for the 3 years.

Deposits also increased significantly for the 3 previous year.

Recent NPA performance

indusind bank share price ,

For the 3 years NPA level is stagnant near about 1 % showing stability in the performance. 

Thanks for your Precious Time.

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Disclaimer- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader,user and company that are mention on this website.We are not SEBI registered financial advisor or analyst.

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