Cash News
LTP: Rs 1,470 | SL: Rs 1,425
Analysts from Religare Broking have given a ‘Buy’ call on IndusInd Bank Ltd shares with a target price of Rs 1,560. The scrip has edged up 0.90% in the past one year. “The private banking sector is gaining significant traction and IndusInd Bank is moving in line with this momentum. The stock has broken out of a trend reversal pattern and crossed its long-term moving average. The chart pattern, combined with strength in the sector, suggests a gradual upward movement in the coming sessions,” Religare analysts said.