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    HomeNewsBusinessStocksIndusInd Bank Q1 FY24: Can the stock rerate further?

    IndusInd Bank Q1 FY24: Can the stock rerate further?

    The bank is adequately capitalised and has multiple levers to improve lending yield without compromising on asset quality

    Madhuchanda Dey
    July 20, 2023 / 16:45 IST
    IndusInd Bank Ltd. | CMP Rs | Shares of IndusInd Bank rallied 4 percent on July 19, buoyed by the lender's healthy earnings for the April-June quarter. Most brokerages too cheered for its robust financials that helped boost the investor sentiment. Foreign brokerage firm Morgan Stanley revised the price target for the stock to Rs 1,800 and retained its 'overweight' rating for IndusInd Bank with expectations that the rate cycle has peaked.
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    This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More