Indusind Bank: Will It Be Able To Keep 30% YOY PAT Growth In The Days Ahead ?

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: