[ad_1] Shares of IndusInd Bank Ltd., the Mumbai-based private lender, will be in focus on Monday, April 7, after the bank reported a mixed performance in its Q4 FY25 business update. IndusInd Bank’s net advances rose 1.4% year-on-year (YoY) but declined 5.2% quarter-on-quarter (QoQ) to ₹3.47 lakh crore. Total deposits grew 6.8% YoY and 0.4% […]
IndusInd Bank gets another ‘sell’ recommendation from UBS on multiple headwinds, de-rating risks – CNBC TV18
[ad_1] Shares of Mumbai-based private lender IndusInd Bank Ltd. will be in focus on Friday, April 4, after global brokerage firm UBS maintained a ‘Sell’ rating on the bank stock. The brokerage has also cut its price target on the stock by 22% to ₹600 from ₹770 earlier. The revised price target implies a potential […]
Right before accounting crisis, MFs sold IndusInd Bank shares worth ₹1,600 crore in February – CNBC TV18
[ad_1] India’s mutual funds sold shares worth ₹1,600 crore of Mumbai-based private lender IndusInd Bank Ltd. in the month of February, according to a report by Nuvama Alternative & Quantitative Research. The selling happened just a month prior to an accounting issue coming to light, that led to shares of the bank seeing their biggest […]
IndusInd Bank gets more downgrades, price target cuts after one year extension for CEO – CNBC TV18
[ad_1] Multiple brokerages have downgraded Mumbai-based private lender IndusInd Bank Ltd. and cut its price targets on the stock after the Reserve Bank of India approved a one-year extension for its incumbent CEO Sumant Kathpalia. The board had approved a three-year extension for the CEO. UBS has downgraded the stock to “sell” from its earlier […]