Stock of Interest

Posted On: September 12, 2023

Stock Report: INDUSINDBK(NSE) 11 Sep 2023

IndusInd Bank Ltd is a full-service banking group operating in India. Its services include consumer banking, credit cards, consumer finance, corporate banking, commercial banking, global markets, transaction banking, priority sector lending, risk management, and financial restructuring and reconstruction. The Bank operates in four business segments, viz. Treasury, Corporate/ Wholesale Banking, Retail Banking and Other Banking Operations. The Bank generates majority of the revenue from Retail Banking segment. The bank’s strategic focus has been to maintain its high-street brand, and it has adopted various initiatives to increase the brand’s visibility through digital marketing and increased financial technology. Most of its loan book is in term loans entirely exposed to India.

#xCalData predicts that # INDUSINDBK will continue its bullish phase over the next five days and trend within the range of 1414 to 1511. 

In comparison to the previous month, the price of the stock has experienced an increase of 2.96% indicating a bullish. 

The Stock has doubled once since 07 Jan 2015 and took an average of 2.6 years to double. 

The stock has shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 1 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

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