COMPANY NAME- INDUSIND BANK
04 –FEB -2011.
RECOMMENDATION- SELL
PRICE TARGET-
170
COMPANY BASIC INFORMATION
|
ISIN Id
|
INE095A01012
|
|
BSE Id
|
532187
|
|
NSE Id
|
INDUSINDBK
|
|
INDUSTRY
|
Banks - Private Sector
|
|
Market Cap
|
10206.62
|
|
Book Value
|
71.83
|
|
EPS (TTM)
|
10.83
|
|
Price/Book
|
3.06
|
|
Face Value
|
10.00
|
|
P/E
|
20.26
|
|
Div(%)
|
18.00%
|
|
Industry P/E
|
26.28
|
|
P/C
|
18.60
|
|
Div Yield (%)
|
0.82
|
|
STOCK PRICE HISTORY( NSE)
|
|
All Time High
|
309.40
|
|
All Time Low
|
8.50
|
|
52 Week High
|
309.40
|
|
52 Week Low
|
144.00
|
Recommendation-
The stock is in intermediate downtrend and is making
continuously lower peaks and lower lows. Recently it gave a breakdown from a
flag and attempted a pullback up to the lower end of the flag. The stock is a
good sell at current levels as we expect the stock to give a sharp decline and
retrace at least up to 50 % of its previous major advance which it witnessed
between March 2009 and November 2010. We therefore recommend a Sell in the stock
around 230 levels with a stop above 250 for target of 170.