Sunday, October 18, 2020

Undervalued Stock Under 10 | Potential Outperformer | 2

 

IndBank Mercantile ( INDBANK)

Stock/Share Price: 9


➽ In this article we will discuss recent development in the StockShare of INDBANK in the Stock Market


➽ Indbank Merchant Banking Services Limited (Indbank) is a subsidiary of Indian Bank. Indbank is engaged in Merchant Banking, Advisory Services, Stock Broking, Depository Participant Activities, Distribution of Mutual Fund and other Investment products, Online Trading.

Recent Key Strengths

Increasing Revenue every Quarter for the past 4 Quarters

Increasing profits every quarter for the past 2 quarters

Company with Zero Promoter Pledge

Recent Results : Growth in Operating Profit with increase in operating margins (YoY)

Companies with rising net profit margins - quarterly as well as TTM basis


Recent Weaknesses

Weak performer : Stock lost more than 20% in 1 month

Small company market cap only 40 crore.


Technical Chart 

INDBANK share price, finvestonline.com

INDBANK  stock made a high of 38.50 in the year 2018 and was in long term price correction and made a low of near 4. Now the stock completed its correction and after consolidation started rising in uptrend. Recently stock also delivered excellent financial numbers. 

So long position in the stock can be made for the potential upside of 19 and 28 in the medium to long term time frame. 

Recent Valuation Summary

INDBANK share price, finvestonline.com

stock is trading at a PE of 14 whereas the industrial PE is 29 , book value is near 14 whereas current price is near 9.


Recent Annual Results

INDBANK share price, finvestonline.com


Key Balance Sheet Summary

INDBANK share price, finvestonline.com


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Finvest Online
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Disclaime
r- 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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