Tuesday, August 20, 2024

Rationale report - 20.08.2024



 Recommended stocks on – 19.08.2024

   INDUSIND BANK -

Ø Buy price : 1350

Ø Strong Support : 1323

Ø Resistance price : 1367 – 1373 – 1380 – 1393 - 1400

Reasons for Buy Recommended –

The bank continues to invest in digital banking, which could drive operational efficiency and customer acquisition in the long term.

The stock is currently trading at an attractive valuation, with a Price-to-Book ratio lower than some of its peers, making it appealing for  investors.

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