Brokerages Bullish On IndusInd Bank After Robust Q3 Numbers

Brokerage Houses like Jefferies, CLSA, Morgan Stanley, Citi and Credit Suisse are bullish on IndusInd Bank after Q3 results beat the estimates and recommended BUY ratings with up to 25% upside targets.

IndusInd Bank reported Net profit of Rs.1,959.20 crores rose 68.7% YoY

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Jefferies has maintained BUY recommendation with a 30% upside target of Rs 1,600 on IndusInd Bank.

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NII growth of 18% was healthy and Jefferies are encouraged to see slight rise in NIM

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Morgan Stanley has maintained OVERWEIGHT recommendation with a 24% upside target of Rs 1,525 on IndusInd Bank.

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CLSA has maintained BUY recommendation with a 22% upside target of Rs 1,500 on IndusInd Bank.

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Citi has maintained BUY recommendation with a 17% upside target of Rs 1,430 on IndusInd Bank.

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Credit Suisse has maintained OUTPERFORM recommendation with a 17% upside target of Rs 1,430 on IndusInd Bank.

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