IndusInd Bank Q1 profit seen up 24%

Private sector lender IndusInd Bank's first quarter (April-June) profit is likely to increase 24.5 percent to Rs 654 crore compared with Rs 525 crore in year-ago period.
We think the stock may react positively if gross non-performing assets remain below 1 percent
(0.87 percent in Q4), credit cost below 20 basis points (17 bps in Q4) and net interest margin comes above 3.9 percent (3.94 percent in Q4).

 

In Last session TECHM Future show under pressure during the day. And cloed with bearish candlestick in daily chart, while before last session stock made a low of 485.15 and break major support level and close below this level so if stock break last day low we may seen sharp fall this stock ,we will adwise to sell below 485 for the target of 480-475 with stop loss of 493.