Ashu Madan of Religare Securities advises traders to hold IndusInd Bank from medium to long term perspective.
Madan told CNBC-TV18, " IndusInd Bank is probably one of the brightest spot as far as banking sector is concerned. Considering the fact that the way the companies are coming out with the results. Most importantly, the asset quality of this bank is very good. It has a very limited exposure to all the sectors right from infrastructure to telecom or probably aviation or commercial or real estate where there is problem and slippages are increasing."
He further added, "I think it has outperformed the market. With a very low stop loss, one can keep it for probably a smaller tenure also or for the medium-term to longer-term also. I feel that Rs 435 to Rs 438 should be the stop loss. I think the reward could be approximately 8-10 percent gain. So in this kind of a situation for this stock, the risk-reward is very good on the upside. One should continue to hold this stock."
Madan told CNBC-TV18, " IndusInd Bank is probably one of the brightest spot as far as banking sector is concerned. Considering the fact that the way the companies are coming out with the results. Most importantly, the asset quality of this bank is very good. It has a very limited exposure to all the sectors right from infrastructure to telecom or probably aviation or commercial or real estate where there is problem and slippages are increasing."
He further added, "I think it has outperformed the market. With a very low stop loss, one can keep it for probably a smaller tenure also or for the medium-term to longer-term also. I feel that Rs 435 to Rs 438 should be the stop loss. I think the reward could be approximately 8-10 percent gain. So in this kind of a situation for this stock, the risk-reward is very good on the upside. One should continue to hold this stock."
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