Pending — not yet graded
“Downgrades IndusInd Bank to 'Reduce' from 'Add' with a March 2027 target price of ₹1,055, despite sequential improvements in asset quality and business growth. The brokerage remains cautious on the pace of earnings recovery, citing modest core profitability with FY28E RoA of ~1.1% and near-term NIM pressure due to an adverse loan mix. Consistent execution is critical for confidence in recovery.”
IndusInd BankBearishCalled 23 Jul 2026
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