Prabhudas Lilladher has issued a BUY recommendation for IndusInd Bank, setting a target price of Rs 1,500.
IndusInd Bank shares will be in focus this week as the stock was downgraded by Goldman Sachs last week and declined 4.3 percent on Friday.
HDFC Bank and Bajaj Auto were among major gainers in today’s trading session while Kotak Mahindra Bank, IndusInd Bank and Tata Consumer Products were dragging the indices down during the early trad
Indian markets closed 0.8 percent lower on Wednesday and uncertainty is causing decline in investor sentiment.
Hinduja Group could raise its stake in IndusInd Bank and RBI could approve the move, as per media reports.
Indian markets have been hovering around all-time highs for NSE Nifty and BSE Sensex this week.
