IndusInd Bank has been soaring over 300% on Sentifi, the social media analyzing tool. And, brokerage house HDFC Securities has rated the scrip with a buy rating in a report.

The scrip saw it race to its 52 week high of 1580 on 12 July on BSE.

The HDFC report finds IndusInd Bank (IIB), as delivering top quartile performance across parameters. The scrip' CASA (Current Account-Savings Account) jumped by nearly 250bps and a QoQ growth of 37.8% led by balanced loan growth (24% YoY), healthy fee traction (+25% YoY).

Over the last three planning cycles (PC), IIB has delivered superior performance in all business metrics.

The report identifies that the bank focused on improving efficiency during PC-4 and showed a healthy business momentum. The bank' corporate books have been on par with retail segment. HDFC factored in a loan CAGR of nearly 27%.

Keeping in mind the bank' fees growth and improving net-worth, HDFC has assigned a buy rating with a target price of 1,663 (Average Book Value of Rs 443).

The stock on the BSE today traded in the green by 13.45 points or 0.86% to reach 1572.70. The scrip' 52 week high and low have been 1580 on 12 July 2017 and 1037.85 on 24 November 2016 respectively.