IndusInd Bank stock on the rise as demand for commercial vehicle recovers

The bank's stock price has more than doubled in six months, standing at Rs 1,026 a share

IndusInd Bank’s stock movement over the past year is interesting. When Sumant Kathpalia took charge as MD & CEO of the private lender on March 24, 2020, the stock hit a multi-year low of Rs 235. The stock had plunged 85 per cent in just about two months after hitting a high of Rs 1,586.55. 

Be it asset quality, heavy deposit withdrawals, loan growth (which was in the slow lane even ahead of the pandemic) or overall financial position, nothing was quite working in the bank’s favour when Kathpalia took over. In about 11 months, the scenario appears to have dramatically