Indusind Bank

IndusInd net profit jumps by 94% in Q4

IndusInd-BankRiding strong on the back of the improving consumer sentiment, IndusInd bank has recently posted one of its best results in the Q4 in the FY 2009-10. The private sector entity has posted a rise of a whopping 94% in the last quarter standing at a mind-boggling 97.96 crore which was way above the Rs 50.52 crore banked during the corresponding quarter of the previous year.

The rise in the net profits in the Q4 was mainly boosted by the interest income which stood at the 272.79 crore level and the core fee income at Rs 112.21 crore.

Indusind Bank Ltd Long Term Buy Call: Abhishek Jain,

Indusind Bank

Indusind Bank was incorporated on January and obtained Certificate of Commencement of Business in February 1994. The bank was promoted by IndusInd Enterprises and Finance Ltd. (IEFL) and five Mauritius based companies viz. IndusInd International Holdings Ltd. (IIHL) IndusInd (Mauritius) Holdings Ltd. (IMHL) IndusInd Ltd. (IL) IndusInd Investments Ltd. (IIL) DeFive Mauritius Holdings Ltd. (DFMHL).

IndusInd Bank inks ‘Strategic Partnership’ with Maruti Suzuki

IndusInd Bank inks ‘Strategic Partnership’ with Maruti SuzukiPrivate-sector IndusInd Bank and Maruti Suzuki India Limited have announced a strategic tie-up for financing Maruti Vehicles on all India basis.

As per the agreement, Maruti Suzuki India has nominated IndusInd Bank as its preferred financier for financing all Maruti Vehicles.

IndusInd Bank will offer financing facilities to all eligible customers for purchasing Maruti Vehicles through its network of 180 branches, spread over 147 geographical locations.

Buy Indusind Bank With Stoploss Of Rs 76: Hitendra Vasudeo

Buy Indusind Bank With Stoploss Of Rs 76: VK SharmaStock market analyst Hitendra Vasudeo of maintained ‘Buy’ rating on Indusind Bank to achieve an intraday target between Rs 95.10-Rs 110.10.

According to Mr. Vasudeo, interested traders can buy the stock around Rs 85.80-Rs 80.20 with a strict stop loss of Rs 76.

The shares of the company, on Tuesday (June 23) closed at Rs 89.50 on the Bombay Stock Exchange (BSE). Current EPS and P/E of the stock stood at 4.18 & 20.59 respectively. The share price has seen a 52-week high of Rs 91.35 and a low of Rs 26.20 on BSE.

Buy Call For Indusind Bank With Target Of Rs 94-105: Nirmal Bang

Buy Call For Indusind Bank With Target Of Rs 94-105: Nirmal BangIn its latest research report, Nirmal Bang, an equity research firm said that Indusind Bank can give good returns in the short term.

The report further stated that huge delivery based volume seen in the counter, this counter has been trading in the narrow range of Rs 66-79, and it has broken the range with huge volumes in today’s session.

Nirmal Bang Research has advised its investors to hold the stock to achieve a target price that lies between Rs 94-105.

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