Sell Induslnd Bank; Target Rs. 1,500 & REC; Target Rs. 128

Sell Induslnd Bank; Target Rs. 1,500 & REC; Target Rs. 128

IndusInd Bank Ltd (INBK):

IndusInd Bank

IndusInd Bank Ltd has officially announced a consolidated interest income of Rs. 5,948.67 Cr for the quarter finished on 30-09-2019, which is 3.39% up from its previous quarter interest income of Rs. 5,753.84 Cr and 33.61% up from its previous year’s same quarter interest income of Rs. 4,452.10 Cr. The firm has also announced its net profit after tax of Rs. 1,400.95 Cr in the most recent quarter.

Outlook:

IndusInd Bank Ltd is a sell call with a target of Rs. 1,500 and a stop loss of Rs. 1,585; current market price: 1,547.70.

REC Ltd (RECM):

REC Ltd

REC Ltd has officially announced a consolidated sales of Rs. 6,975.42 Cr for the quarter finished on 30-06-2019, which is 6.44% up from its previous quarter sales of Rs. 6,553.37 Cr and 21.61% up from its previous year’s same quarter sales of Rs. 5,736.01 Cr. The firm has also announced its net profit after tax of Rs. 1,502.65 Cr in the most recent quarter.

Outlook:

REC Ltd is a sell call with a target of Rs. 128 and a stop loss of Rs. 139; current market price: 132.35.

Disclaimer: The perspectives investment tips are given in this section are the expert’s own and not that of the website or its management. We encourage clients to check with certified experts before taking any position in the stocks/ shares mentioned.

0 Reviews

Write a Review

Read Previous

Buy Torrent Pharmaceuticals Future, Assoc Cement Future & Exide Future

Read Next

Best Stocks: 4 Stocks to Buy for Long Term in India

Translate »