Indian Bank Share Price Target: Mid-cap stocks continue to attract investor attention, and banking counters are once again at the centre of market discussions. In an exclusive interview with ET Now Swadesh, market expert Gaurang Shah shared his outlook on select stocks, highlighting Indian Bank as a strong long-term investment opportunity.
Shah reiterated his consistent “buy” stance on Indian Bank, emphasising that the recommendation is rooted in solid fundamentals rather than short-term market movements.
He noted that the bank has consistently delivered stable and improved financial performance over time — even during periods when many of its peer banks were struggling to demonstrate similar strength.
According to him, the stock is currently trading in the range of Rs 910–Rs 920, where downside risk appears limited. This relatively stable base provides investors with a favourable entry point, particularly those looking at long-term wealth creation.
Rs 1,150 target for long-term investors
“The strategy should be to start investing now and gradually increase exposure if the stock sees minor corrections,” he suggested, reinforcing a disciplined, phased investment approach.
Strong performance compared to peers
Shah also pointed out that Indian Bank has shown comparatively better operational performance than several other banks in similar conditions. Its consistent results and improving business metrics have helped it stand out in the public sector banking space.
He added that if upcoming quarterly results surpass expectations, the target price could be revised further upward, indicating additional upside potential.
Mid-cap banking stocks regain spotlight
The broader mid-cap segment has been witnessing renewed interest from investors, with banking stocks leading the charge. Experts believe that improving asset quality, steady credit growth, and better profitability trends are driving optimism in the sector.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
