IndusInd Bank Upgrade Sparks 10% Upside

  Published 9 months ago

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.

You might like these

ISS Expands Global Partnership to India

Zydus Wellness Acquires Comfort Click

Titan Q4 Growth Highlights

Markets Edge Higher; PSU Banks Lead

Indian Railway Stocks: Euphoria or Reality?

India Seeks FATF Grey List for Pakistan

Wheels India Hydraulics Cylinder Growth

News that matters the most ⚡