Stock market analyst Fayeza Hafiza of Intime Spectrum Securities has maintained hold rating on IndusInd Bank Ltd stock to achieve a target that lies between Rs 255-260.

The stock of the company, on Sep 07, closed at Rs 599.90 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 231.80 and a low of Rs 100 on BSE.

Current EPS & P/E ratio stood at 9.31 and 25.74 respectively.

Tata Motors inks a deal with IndusInd Bank to offer financing facilities to its customers.

The bank inked a memorandum of understanding (MoU) with the company.

Mr. R Ramakrishnan, Vice President, Passenger Vehicle Business Unit, Tata Motors Limited, stated that the clients of the company can easily avail customized finance products from the banking institution.

Based in Mumbai, IndusInd Bank Ltd is a new generation banking institution in the country.

Set up in the year 1994 by Dr. Manmohan Singh, IndusInd Bank provides commercial, transactional and e-banking solutions and services.

The bank is specialized in retail banking services and continuously improves its support systems by launching more novel technologies.

It is also exploiting on strengthening its network of divisions all over India together with attaining the universal benchmark.

As per bank, its name comes from the rich and vivid Indus Valley Civilisation.