“Reiterated a 'Neutral' rating on IndusInd Bank, raising the target price to ₹1,125, implying a 5% upside. The bank reported a healthy quarter with strong operating performance and one-off income. Business momentum picked up sequentially, led by corporate segment growth, though retail book growth remains muted. Motilal Oswal projects RoA at 0.7% in FY27 and 1% in FY28, with loan growth expected to track the industry in FY27 and potentially outpace it in FY28.”

Motilal Oswal Analysis’s track record: 6 graded calls · 95% CI 19–81%