Time to enter IndusInd Bank Ltd

Discussion in 'Stock Picks Of Wizards' started by Shreenath A, Sep 11, 2020.

  1. Shreenath A

    Shreenath A New Member

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    Could someone please tell me whether now is a good time(Sept 2020) to enter IndusInd bank ltd(trading @ approx 610 Rs) if I am looking to hold the stock for 1 - 1.5 years, and looking at 50% profit?
     
  2. Cool2Invest

    Cool2Invest New Member

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    Hope you enjoying the ride at Indusind , it has touched rs 835 after your post.
     
  3. Michael Gonsalves

    Michael Gonsalves Member Staff Member

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    All Banking stocks are doing well, including IndusInd Bank. However, looking at the rapidness of the up-move and down-move, it may be that the funds being pumped in are speculative in nature. From an investment point of view, it may be better to wait for all the Covid-moratarium related NPAs to be fully disclosed in the books and for the stock price to reflect it.
     
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