Indian Bank
INDIANB

264.00

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

264.65

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)
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Accumulate
Reco. Price
Rs 261.00
We recommend ACCUMULATE on account of lower provisioning and lower slippages guidance. We expect operational benefits in the form of lower credit costs and higher earnings. The stock trades at ~0.9x FY17E P/BV multiple. (Target: Rs 277)
Detailed View
50 DMA (.)
276.07
100 DMA (.)
255.31
200 DMA (.)
222.34
Weekly Range (.)
260.35
270.85
Monthly Range (.)
256.75
295.00
52 Weeks Range (.)
84.90
310.00
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