IndusInd Bank hits 2-month high; Jefferies raises PT

IndusInd Bank hits 2-month high; Jefferies raises PT

Last Updated: Wed, Jan 11, 2017 11:03 hrs
IndusInd Bank (AFP image)

** IndusInd Bank's shares rise as much as 4.64 pct to highest in two months

** Bank said on Tuesday Dec-qtr net profit rose by about 29 pct to 7.51 bln rupees ($110.02 million)

** Dec-qtr net interest margin stable at 4 pct

** Analysts at Jefferies raise PT to 1,030 rupees from 980 rupees, factoring in better loan growth and NIM

** Bank seems to have escaped pains owing to demonetisation - Jefferies analysts

($1 = 68.2599 Indian rupees)

More from Sify: