As green shoots emerge all across, confidence returns to IndusInd stock

Positive management outlook post Q2 results has tempted analysts to upgrade their rating

If management commentaries from banks were rated in terms of their confidence, IndusInd Bank would have easily climbed the top spot after its September quarter (Q2) results. For the first time since taking charge as MD & CEO of the bank in March, Sumant Kathpalia spoke about strong green shoots emerging across segments, even for the vehicle finance business. His comforting outlook has not only driven analysts to upgrade their rating to ‘buy’, but also investors to lap up the stock.

The recommendations of the internal working committee of the Reserve Bank of India (RBI) to open up the ownership window