IndusInd Bank shares have plummeted like a stone! Find out why the banking sector is shaking in its boots!
IndusInd Bank has recently found itself in the eye of the financial storm, with its share price taking a nosedive! After the announcement of its disappointing Q2 results, analysts threw in the towel, downgrading their recommendations faster than you can say "financial crisis!" The bank's net profit plunged a staggering 39% year-on-year, landing at Rs 1,325 crore, which was a far cry from the market's hopeful expectations of Rs 2,138 crore. This prompted many brokerage firms, including Nirmal Bang, Jefferies, and Nomura, to revise their ratings from 'Buy' to 'Hold' or even 'Sell', slashing price targets dramatically from their initial lofty heights.
The chaos erupted as shares fell nearly 18%, sending shockwaves across the banking sector! Investors ponder if the bank’s strategy of prioritizing balance sheet stability over aggressive growth is akin to buying a new car just to keep it in the garage. It's as if the bank decided to play it safe while the rest of the market revs its engines. With net interest margin also taking a hit, the bank seems to be juggling responsibilities without holding onto a single ball.
Adding fuel to the fire, a plethora of agencies echoed similar sentiments. With everyone and their cat downgrading their outlook on IndusInd Bank, the market started losing faith faster than it lost its way to last year's blockbuster comic flick! Analysts were particularly disheartened by the bank demonstrating the weakest earnings growth in the sector, leaving many scratching their heads and shouting "WHAT happened here?"
As we sit on the sidelines munching popcorn while this financial drama unfolds, it's worth remembering that fluctuations in share prices are as common as chai in an Indian household. The banking industry has its ups and downs, but IndusInd’s current predicament raises an important question: Can it bounce back? Interestingly, many analysts still maintain a 'Buy' stance, suggesting that this might just be a temporary rough patch, akin to a Bollywood hero facing a challenging climax. In banking, stability is key, and while IndusInd may currently feel like the weakest link, a financial makeover might just be what the doctor ordered!
IndusInd Bank target price: Nirmal Bang has downgraded the stock to 'Hold' from 'Buy' and suggested as lower target price of Rs 1443 from Rs 1653.
IndusInd Bank Share Price: Jefferies, Nomura, Investec, Nuvama, and IIFL have downgraded their ratings on IndusInd Bank due to weaker asset quality, ...
In the second quarter, IndusInd Bank's net profit plunged 39% year-on-year to Rs 1325 crore, falling significantly short of what the market had expected.
According to analysts, IndusInd Bank posted the weakest earnings growth in the sector so far, with an all round miss on their estimates.
IndusInd Bank Q2 Results: The reported profit missed Street estimates of Rs 2138 crore. It was Rs 2181.47 crore in Q2 FY24. The net interest margin fell to ...
IndusInd shares in focus. The private sector lender IndusInd Bank on Thursday reported a sharp 40 per cent year-on-year (y-o-y) and 39 per cent ...
IndusInd Bank Q2 result: IndusInd Bank reported a 39.5% YoY decline in consolidated net profit to ₹1331.29 crore for Q2FY25, down from ₹2202.16 crore a ...
Brokerage firm Jefferies has retained its buy recommendation for IndusInd Bank and Piramal Pharma, while JP Morgan holds a neutral stance on Colgate.
IndusInd Bank shares plummet 17% to 52-week low after 40% profit decline in September quarter.
आज सुबह के कारोबार में शेयर बाजार सीमित दायरे में कारोबार कर रहा है। इस सपाट कारोबार के बीच इंडसइंड बैंक (Indusind Bank) के शेयर में ...
IndusInd Bank Share : इंडसइंड बैंक के हाल के तिमाही नतीजों से इसके शेयरों को झटका लगा है. निजी बैंकिंग क्षेत्र में मानी जाने वाली इस बड़ी कंपनी ...
Sumant Kathpalia, MD & CEO of IndusInd Bank, emphasizes balance sheet stability over growth amid disappointing quarterly results. The bank has made ...
Brokerages have mostly maintained 'BUY' call on IndusInd Bank, but slashed target price to up to ₹1290 per share.
IndusInd Bank Share Price: इंडसइंड बैंक के शेयरों में आज 25 अक्टूबर को तगड़ी गिरावट आई है। शुरुआती कारोबार में ही शेयर करीब 18 फीसदी ...
IndusInd Bank Stocks, IndusInd Bank Share Price Highlights 25 October 2024: IndusInd shares were in focus. The private sector lender IndusInd Bank on ...
इंडसइंड बैंक के निवेशकों को तिमाही नतीजों के कारण बड़ा झटका लगा है, जिससे शेयर में 19.39% की गिरावट आई। खराब प्रदर्शन, बढ़ती लागत ...
IndusInd Bank shares fell 16 per cent to hit a low of Rs 1073 on BSE. With this, the stock is down 31 per cent year-to-date.
IndusInd Bank Share Price: गुरुवार को बैंक ने वित्त वर्ष 2025 की दूसरी तिमाही में सालाना आधार पर 39.2 प्रतिशत की गिरावट के साथ 1325.45 करोड़ ...
The crash followed a day after the bank reported a sharp 40 per cent year-on-year (Y-o-Y) fall in its Q2FY25 consolidated net profit to Rs 1,325.45 crore. The ...
Financial services company Societe Generale on Friday sold private sector lender IndusInd Bank's shares for Rs 421 crore through an open market transaction.
The IndusInd Bank stock dropped 18 percent to hit over one-year low of Rs 1065. As its m-cap went down to Rs 81000 crore, it moved to the 12th spot.