Indian Bank
INDIANB

319.10

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

318.45

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

321.75

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
Detailed Quote

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Accumulate
Reco. Price
Rs 279.50
We recommend ACCUMULATE on higher recoveries and upgrades expected to improve asset quality. We also expect operational benefits for the bank in the form of lower credit costs and higher earnings. The stock is trading at ~0.8x FY18E P/BV multiple. (Target price – Rs.296.6)
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50 DMA (.)
277.46
100 DMA (.)
261.75
200 DMA (.)
236.09
Weekly Range (.)
258.10
318.40
Monthly Range (.)
251.45
318.40
52 Weeks Range (.)
84.90
318.40
Detailed Chart