Today stock market: Buy Indian Bank at Rs. 290

Indian bank stock price is at Rs. 290: Manas Jaiswal


Manas Jaiswal, market expert of Manasajyaswal.com, suggests that the shares of Indian Bank at the target price of 290.0. The current market price of Indian Bank is 276.45.Market Expert has set its timeframe Intra Day, when the value of Indian Bank can reach its desired target. Manas Jaiswal has instructed investors to keep stoploss Rs. 270 and strictly follow it.

Indian Bank, incorporated in the year 1907, is a banking company (Market Cap - Rs 13277.66 crore).
The bank has reported total non-executed asset / gross NPA of Rs 13,198.40 crore (7.46% of total assets) and net non-performing asset / net NPA (4.42% of total assets) of Rs 7571.07 crores.
For the end quarter 31-12-2018, the reported standalone interest income by the bank is Rs 3553.17 crore, 4.75% on the last quarter interest income - Rs 3392.03 crore and 17.29% higher interest income of the same quarter last year - Rs 3029.46 Million In the latest quarter, the bank has a net profit of Rs 152.27 crores after the reported tax.

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