Business News›Markets›Stocks›News›Fundamental Radar: IndusInd Bank is a tactical buy under mid-tier private banks, says Rahul Malani
Fundamental Radar: IndusInd Bank is a tactical buy under mid-tier private banks, says Rahul Malani
"Indusind bank is a tactical buy under the mid-tier private banks.. We expect RoAs of ~2% for FY24E and FY25E, driving RoE (return on equity) of 16% for the respective years going ahead. We believe the current valuations of 1.7x/ 1.5x/ 1.3x its FY23E/ FY24E/ FY25E book value estimates looks cheap vs ROA trajectory of ~2%," Rahul Malani- DVP Fundamental Research, Sharekhan by BNP Paribas, said.
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