IndusInd Bank Ltd

CMP: 226


IndusInd Bank Limited is a national bank. The Bank provides a range of banking and financial services including wholesale banking, credit monitoring, risk management, tele-banking, investment banking and commercial lending. IndusInd Bank operates branches throughout India as well as an office in Dubai and London.

IndusInd Bank is a safe large-cap stock to invest in. Revenues and PAT has been growing at a very good pace. Most importantly, NPM is growing quarter on quarter and currently at 15%. Banks have been outperforming overall and is a good time to buy in. Its currently trading at a P/E of 24 and is bullish on the chart. Buy, Accumulate on dips and hold.