IndusInd Bank shares rise 2.6% after Morgan Stanley upgrades to equal weight, raising the target price now.

• Morgan Stanley lifts price target to 785 rupees, implying ten percent upside from the current level.
• Bank suffered $230 million loss from derivative misaccounting, prompting the CEO and deputy resignations in April.
• New management expected to clean balance sheet, improve coverage ratios, and support recovery through fiscal 2026.