IndusInd Bank
Today I am going to do an Analysis of IndusInd. The stock in recent times has corrected from the 1500 level's to 230 level and then recently went up to 560 level. And currently trading at 509.
It's a very high Beta Which means the Stock price Raises and Falls more than the Index itself.
Let's look at the chart of the IndusInd bank
As one can look at the chat and can notice that it is in the range-bound (460-570).
Based on Chart I can say IndusInd Bank is having a strong at 460-470 level and strong resistance at 570.
So who has brought it near 570 can hold for now as the stock has moving slowing moving up word direction.
Let's look at the Balance Sheet of its recent times:
Now let's look at the Share holder's List
Pro and Cons:
Pro: Very Stable private bank,, Accumulation happened at level 460-500 one could take it as support, Good promotors percentage.
Cons: High beta, NPA is high, Profit has reduced in the last few quarters.
Buy/Hold/Sell: My suggestion would be to hold the stock and buy more if it falls to 460. We should see a price of 750 plus in One - Two years.
Bottom line: Hold.
