IndusInd Bank Q1 results: Margin disappointment weighs on stock

The Street took the fall in NIM with some caution, but performance and outlook remain strong

The IndusInd Bank stock, which is up 24 per cent in the last one year, is one of the few private sector bank stocks seeing high demand from investors.

That’s why, the Street could not easily digest the minor margin disappointment in the June 2018 quarter, despite an in-line and sturdy overall performance. 

The stock fell by a per cent post results announcement, even as the BSE Bankex and BSE Sensex were up 0.58 per cent and 0.85 per cent, respectively.

No doubt, the bank’s overall performance was strong with loans growing 29 per cent, net interest income (NII, the difference between interest