IndusInd Bank shares rise 3% despite delayed ROA target
after close1 source ↓written by the desknot a recommendation
- to ₹850.40
- 3%
- which fell
- 0.9%
- to 2027-28 due
- 1% return on assets target
IndusInd Bank shares surged 3% to ₹850.40, outperforming the Nifty Bank index, which fell 0.9%. The bank has postponed its 1% return on assets target to 2027-28 due to a decline in its loan book and ongoing clean-up efforts in microfinance and vehicle loans. Additionally, it confirmed there are no QIP plans.
Not investment advice. For informational purposes only.