Several Brokerages Give Buy Call for IndusInd Bank; Market Ends Higher
Several major brokerage houses have given a buy call for private banking major IndusInd Bank. Nirmal Bang has given buy call with target price of Rs 413 in October research report. The bank has announced results as per analyst expectations and stock closed at Rs 363 today.
Prabhudas Lilladher gave buy rating to the stock with target price of Rs 400. The report expressed satisfaction over asset quality of the bank and lower credit cost during the first half of financial year.
KRChoksey has given accumulate call for the private sector bank with target price of Rs 400. Considering the strong operating performance of the bank, the analysts have given good ratings to the bank.
Aditya Birla Money has given accumulate call with target price of Rs 386.
Indian stock market ended the day in positive after finance minister P Chidambaram expressed positive sentiments about India growth story. He also pressed that in upcoming 24 month period, the UPA government will announce more reforms and declined the possibility of downgrade of India ratings.
BSE Sensex ended nearly a per cent higher at 18804, registering decent gain during the last two hours of trade. European markets also ended the day positive. CAC was up by 1%, DAX was up by 1.04 per cent. FTSE was up by 0.84 per cent.