ECONOMYEconomic Times Markets ยท 3 hours agoLive
IndusInd Bank shares rise 2% after Q2 results. Why Jefferies cut target price despite lender swinging to profit
Reported by Economic Times Markets, not nibnow. We are not the publisher of this story, only the source is.
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WHAT HAPPENED
IndusInd Bank announced a net profit of Rs 1,176 crore for the quarter ending September 2027. The bank's asset quality improved with gross non-performing assets declining to 2.73% from 3.6% a year earlier. Jefferies adjusted its target price for the bank's shares down to Rs 1,130 due to changing credit cost expectations. Motilal Oswal maintained a neutral stance with a target price of Rs 1,050, indicating a positive outlook.
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