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IndusInd Bank's net profit falls 16% in Q4: Here's what brokerages have to say

Updated : 2020-04-28 08:24:53

IndusInd Bank on Monday reported a 16.17 percent fall in net profit at Rs 301.84 crore in the quarter ended March 2020 as against Rs 360.10 in the same period last year. However, most brokerages remain bullish on the stock post the results, except Credit Suisse, which has an 'underperform' call. Here's what brokerages have to say about IndusInd Bank's results:

 Credit Suisse on IndusInd Bank : The brokerage maintains an 'underperform' rating on the stock with a target at Rs 430 per share. It expects the lender's FY21 growth to be below 10 percent.
Credit Suisse on IndusInd Bank: The brokerage maintains an 'underperform' rating on the stock with a target at Rs 430 per share. It expects the lender's FY21 growth to be below 10 percent.
 Morgan Stanley on IndusInd Bank:  The brokerage is 'overweight' on the stock with a target at Rs 525 per share. MS expects a tough FY21 for the bank but has kept estimates largely unchanged.
Morgan Stanley on IndusInd Bank: The brokerage is 'overweight' on the stock with a target at Rs 525 per share. MS expects a tough FY21 for the bank but has kept estimates largely unchanged.
 Jefferies on IndusInd Bank:  The brokerage reiterates 'buy' rating on the stock with a target at Rs 520 per share. It added that pressure on asset quality from MFI/ stressed commercial loans may persist.
Jefferies on IndusInd Bank: The brokerage reiterates 'buy' rating on the stock with a target at Rs 520 per share. It added that pressure on asset quality from MFI/ stressed commercial loans may persist.
 CLSA on IndusInd Bank:  The brokerage maintains a 'buy' rating on the stock and raised the target to Rs 610 per share from Rs 595 earlier. It expects a rebound in earnings from FY22.
CLSA on IndusInd Bank: The brokerage maintains a 'buy' rating on the stock and raised the target to Rs 610 per share from Rs 595 earlier. It expects a rebound in earnings from FY22.
 Credit Suisse on ITC : The brokerage maintains a 'neutral' call on the stock with a target at Rs 190 per share. The decline in cigarette volumes may worsen as lockdown may be extended in large cities, the brokerage noted.
Credit Suisse on ITC: The brokerage maintains a 'neutral' call on the stock with a target at Rs 190 per share. The decline in cigarette volumes may worsen as lockdown may be extended in large cities, the brokerage noted.
 Morgan Stabley on Ambuja Cements:  The brokerage is 'overweight' on the stock with a target at Rs 186 per share. The company stands out in a tough operating environment owing to strong execution.
Morgan Stabley on Ambuja Cements: The brokerage is 'overweight' on the stock with a target at Rs 186 per share. The company stands out in a tough operating environment owing to strong execution.
 CLSA on HDFC Life : The brokerage maintains a 'buy' call on the stock and raised the target to Rs 730 per share from Rs 640 earlier. It added that weakness in equity markets and lockdown impacted Q4 premiums.
CLSA on HDFC Life: The brokerage maintains a 'buy' call on the stock and raised the target to Rs 730 per share from Rs 640 earlier. It added that weakness in equity markets and lockdown impacted Q4 premiums.
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