IndusInd Bank Ltd functions as a comprehensive banking group in India, offering a range of services such as consumer banking, credit cards, consumer finance, corporate banking, commercial banking, global markets, transaction banking, priority sector lending, risk management, and financial restructuring and reconstruction. The bank operates within four distinct business segments: Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. A significant portion of its revenue is derived from the Retail Banking segment. The bank places strategic emphasis on maintaining its high-street brand and has implemented various initiatives to enhance brand visibility through digital marketing and increased utilization of financial technology. The majority of its loan portfolio consists of term loans with exposure exclusively in India.
Previous Close
1554.55
TTM EPS
111.42
52 Week High
1694.50
TTM PE
14.03
52 Week Low
990.20
P/B
2.81
Sector PE
24.43
Mkt Cap (Rs. Cr.)
1,21,704
(Source: Moneycontrol, BSE, Fisdom Research)
Technical Outlook
(Source: Fisdom research)
Indusindbk gained +31% last year & thereafter witnessed retracement cum consolidation in last two plus months. The counter retraced back almost -12% from last year highs of 1626 to lows of 1428 in Jan-24. The counter thereafter entered into consolidation & witnessed a pull-back to now down -2.66% this year.
The counter has immediate minor hurdle at around 1625 followed by higher positional targets of 1772 & major 1940-2000 zone for this year. While major support for the counter on lower-end is around 1420 & lower 1275 supports with “Buy-On-Dip” outlook.
As per short-term outlook bias can be “Buy-On-Dip” towards 1525 & lower 1480 levels for potential higher 1625 & higher thereafter maintaining stop below 1440 or 1400 levels on closing basis.
Option Chain Study
Derivative Option Chain data indicates “Tug-Of-War” at around 1600 Strike rates where the “Supply” is still intact. Once Indusindbk holds above 1600-1630 zone can witness fresh buying cum short-covering.
Maximum CE build-up is at 1600 & 1560 Strikes while maximum PE build-up is at 1600 & 1500 Strikes. Dips towards 1500 & lower can provide fresh better risk-reward ratio for fresh trading long bets.
Overall, look for hedged long strategies unless the counter witness short-covering in days to come.
Trent Ltd, along with its subsidiaries, manages a network of retail outlets. These stores showcase an array of brands spanning women’s wear, men’s wear, children’s wear, footwear, lingerie, cosmetics, perfumes, handbags, and accessories. Additionally, Trent Ltd provides a diverse range of products including food items, beverages, health and beauty products, fresh produce such as vegetables and fruits, dairy products, and more.
Previous Close
3872
TTM EPS
23.54
52 Week High
4099.80
TTM PE
167.89
52 Week Low
1276.40
P/B
58.30
Sector PE
135.11
Mkt Cap (Rs. Cr.)
1,40,495
(Source: Moneycontrol, BSE, Fisdom Research)
Technical Outlook
(Source: Fisdom research)
Trent gained +1.27 times last year (1356> 3082) & even in the year 2024 the momentum is still ON. The counter is up around 29% this year. The counter is witnessing a consolidation phase since last four weeks within a range between 3700 & 4100 since Feb-24.
The counter has immediate minor hurdle at around 4200/4350 followed by higher positional targets of 4800 & major 5000-5200 zone for this year. While major support for the counter on lower-end is around 3650 & lower 2850 supports with “Buy-On-Dip” outlook.
As per short-term outlook bias can be “Buy-On-Dip” towards 3800 & lower 3650 levels for potential higher 4300 & higher thereafter maintaining stop below 3600 or 3500 levels on closing basis.
Option Chain Study
Derivative Option Chain data indicates “Tug-Of-War” at around 4000 Strike rates where the “Supply” is still intact. Once Trent holds above 4300-50 zone than only one can witness fresh buying cum short-covering.
Maximum CE build-up is at 4000 & 4520 Strikes while maximum PE build-up is at 3800 & 3500 Strikes. Dips towards 3800 & lower can provide fresh better risk-reward ratio for fresh trading long bets.
Overall, look for hedged long strategies unless the counter witness short-covering in days to come.
Disclaimer: This document is not intended for anyone other than the recipient. The contents of this document may not be reproduced or further distributed to any person or entity, whether in whole or in part, for any purpose. If you have received the publication in error please notify the sender immediately. If you are not the named addressee, you should not disseminate, distribute or copy this document. You are hereby notified that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited. All non-authorised reproduction or use of this document will be the responsibility of the user and may lead to legal proceedings. This document has no contractual value and is not and should not be construed as advice or as an offer or the solicitation of an offer or a recommendation to take action in consonance in any jurisdiction. Finwizard Technology Private Limited (“Fisdom”) makes no guarantee, representation or warranty and accepts no responsibility or liability for the accuracy or completeness of the information and/or opinions contained in this document, including any third party information obtained from sources it believes to be reliable but which has not been independently verified. In no event will Fisdom be liable for any damages, losses or liabilities including without limitation, direct or indirect, special, incidental, consequential damages, losses or liabilities, in connection with your use of this document or your reliance on or use or inability to use the information contained in this document, even if you advise us of the possibility of such damages, losses or expenses. Fisdom does not undertake any obligation to issue any further publications or update the contents of this document. The information stated and/or opinion(s) expressed herein are expressed solely as general commentary for general information purposes only and do not constitute advice, solicitation or recommendation to act upon thereof. Fisdom does not have regard to specific investment objectives, financial situation and the particular needs of any specific person who may receive this document. The information contained within this document has not been reviewed in the light of your personal circumstances. Please note that this information is neither intended to aid in decision making for legal, financial or other consulting questions, nor should it be the basis of any investment or other decisions. Fisdom may have issued other similar documents that are inconsistent with and reach different conclusion from the information presented in this document. The relevant offering documents should be read for further details. You should make such researches/inspections/inquiries as it deems necessary to arrive at an independent evaluation of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks involved. Fisdom makes no representations that the offerings mentioned in this document are available to persons of any other country or are necessarily suitable for any particular person or appropriate in accordance with their local law. Among other things, this means that the disclosures set forth in this document may not conform to rules of the regulatory bodies of any other country and investment in the offer discussed will not afford the protection offered by the local regulatory regime in any other country. Past performance contained in this document is not a reliable indicator of future performance whilst any forecasts, projections and simulations contained herein should not be relied upon as an indication of future results. The historical performance presented in this document is not indicative of and should not be construed as being indicative of or otherwise used as a proxy for future or specific investments. The relevant product documents should be read for further details. Fisdom does not undertake any obligation to issue any further publications to you or update the contents of this document and such contents are subject to changes at anytime.
More than 2 Lakh investors like you read our newsletter 'The Signal'
Subscribe now for easy to understand stock market insights in your inbox once a week
