IndusInd Bank, Bandhan Bank among top gainers, shares surge 40%

IndusInd Bank and Bandhan Bank were among the worst-hit in the recent carnage

Shares of several beaten-down banking stocks skyrocketed on Thursday amid the expiry of derivatives contracts for the March series. Shares of IndusInd Bank soared 45 per cent to end at Rs 437. The private sector lender is among the worst-hit in the recent carnage, with its stock coming off 85 per cent from its highs. 

Similarly, shares of Bandhan Bank rose nearly 40 per cent to end at Rs 216. Before Thursday’s gain, Bandhan Bank, too, had seen its share price drop by 70 per cent.