Technically, IIB need to sustain over 940-975 zone for 990 & 1015-1080;
Otherwise it will be weak and sustaining below 898-880
may again fall towards 815-800 in the near term
In this era of "greed & fear" regarding the present NPA issues of Banks,
both borrowers and lenders may "shy away" from large loans;
Retail loan growth may also suffer along with Corporate/SME loans in the months ahead
Trading Idea:
CMP: 927
Either sell below 940 or on rise around: 960-975;
TGT: 880-855-815-799*-785-750-735-700 (1-3/6M)
TSL> 995
Note: Consecutive closing (3 days) above 990 for any reason, IIB may further rally up to 1015*-1030 & 1050-1080 and 1100-1150 in the short to long term (under alternative bullish case scenario from the present trading level).
As par BG metrics & current market parameters:
TTM EPS: 38.02 (FY:15)
FWD EPS: 38.75-41.55-49.65 (FY:16-18)
AVG PE: 20
Current median valuation of IIB may be around: 825 (FY:15/TTM)
Projected fair valuations might be around: 830-860-940 (FY:16-18/FWD)
| SCRIP | EPS(TTM) | BV(Act) | P/E(AVG) | Low | High | Median | 200-DEMA | 10-DEMA |
| INDUSINDBK | 38.02 | 173.2 | 20 | 820.22 | 822.58 | 821.40 | 884.75 | 889.84 |
| INDUSINDBK | 38.75 | 204.35 | 20 | 828.06 | 830.44 | 829.25 | 884.75 | 889.84 |
| INDUSINDBK | 41.55 | 241.25 | 20 | 857.45 | 859.92 | 858.69 | 884.75 | 889.84 |
| INDUSINDBK | 49.65 | 277.35 | 20 | 937.31 | 940.01 | 938.66 | 884.75 | 889.84 |
Analytical Charts:
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