Indusind Bank - Q2FY21 provisional numbers - Angel Broknig

Mr. Jaikishan Parmar - Sr. Equity Research Analyst, Angel Broking Ltd

"Indusind Bank reported provisional numbers for Q2FY21. Deposit grew at 10% YoY & 8% QoQ. Advance grew at 2% YoY & 1% QoQ. On the deposit front bank did a bit better than advance growth compared to the historical trend. CASA deposit marginally improved sequentially by 30bps to 40.4%, however, YoY declined by 100 bps. The Investor would like to have better clarity on the moratorium book and the possibility of fresh slippages. Indusind Bank currently trades at 1.3x of trailing networth. Guidance on slippages from the moratorium book and asset quality will be key for re-rating in Q2FY21 results."

Shares of INDUSIND BANK LTD. was last trading in BSE at Rs.601.75 as compared to the previous close of Rs. 592.1. The total number of shares traded during the day was 1390176 in over 28435 trades.

The stock hit an intraday high of Rs. 630.7 and intraday low of 592.1. The net turnover during the day was Rs. 850518857.

Source : Equity Bulls

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