Friday, 29 October 2021

IndusInd Bank raises Rs 2,800 crore debt - Time to buy?

IndusInd Bank raised Rs 2,800 crore by issuing bonds. These bonds will mature in 10 years. It has a coupon rate of 8.11 percent. The bonds are rated AA+ by Crisil and India Ratings.

Indusind share price weekly time frame 



Under the new CEO, IndusInd’s asset quality remains stable. Deposit reported growth of 21% YoY. Non-interest income grew by 18% YoY (up 3% QoQ). PAT grew by 73% YoY.

It might be an interesting story for traders to watch how price action behaves post-Diwali.

The share can be bought after the breakout of 1320 with good volume. It may reach 1600

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