Indusland Bank - Quaterly result update

Indusland Bank

Indusland Bank's business lines include corporate banking, retail banking, treasury and foreign exchange, investment banking, capital markets, non-resident Indian/high-net-worth individual banking, and information technology.

Financials

Profits increased from Rs. 347cr to Rs. 443cr a growth of 27%

Net Interest Income (NII) increased from Rs.730cr to Rs. 869cr, a growth of 19%

Valuation

At a current price of 846 and EPS of 30.11 the stock is trading at 28PE which is little higher than industry PE of 22.

I feel that the stock has given good growth and can reach Rs.900 in next 1 month

Technical

The stock is trading above 20 days EMA and showing strong uptrend.