“Maintained a 'buy' rating on IndusInd Bank, raising its price target to ₹1,250 from ₹1,100. The bullish stance is based on improving trends in growth, asset quality, and core RoA, which are expected to continue over the next two to three years as the bank leverages its new team. Valuations are considered fair at 1.3x adjusted P/B for FY27, with further re-rating contingent on RoAs reaching 1.5%.”

Jefferies Analysis’s track record: 3 graded calls · 95% CI 44–100%