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Munish_Jain
Jan 16, 2024 5:06 AM

INDIANB | Positional Trade Long

INDIAN BANKNSE

Description

📊 DETAILS
Sector: Bank - Public
Mkt Cap: 59,630 cr

Indian Bank is a medium-sized bank which was started in 1907. It offers deposits, loans and services. The Bank's segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations.

TTM PE : 8.65 (High PE)
Sector PE : 13.12
Beta : 0.86

📚 INSIGHTS
MC Insights PRO
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.

4.35% away from 52 week high
Underperformer - Indian Bank down by -4.16% v/s NIFTY 50 up by 3.15% in last 1 month

📈 FINANCIALS
Piotroski Score of 4/9 indicates Weak Financials

Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.

🔍 More Analysis & Trade Setups 🔍
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Comment

Trail SL to 422

Comment

Trail SL to 430.5

Trade active

Trade active

Trade closed: target reached

T1
Comments
RS_V
Why didn't you wait for second target? Please share the reason
Munish_Jain
@RajaSekharVelisetti, I am waiting, just updated that target is achieved for partial booking
RS_V
@Munish_Jain, Understood. Thanks for reply.
rpmehta99
pls get view on pplpharma and nbcc sir
Munish_Jain
@rpmehta99, Pplpharma is at very important level.. on monthly, SL 130
NBCC u can exit partially at all time high and hold for multiyear breakout
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