IndusInd Bank gains 13% in 4 days ahead of Q4 result; here's what to expect

The Street is factoring-in a solid bottom line growth, with up to 261 per cent year-on-year gain in net profit

Shares of private lender IndusInd Bank erased gains and slipped over 4 per cent from day's high (Rs 959) to hit a low of Rs 917 on the BSE in the intra-day deals on Thursday. At 11:!5 AM, the stock was quoting 0.5 per cent lower at Rs 922 apiece as against a 0.2 per cent fall in the benchmark S&P BSE Sensex.

Ahead of the announcement of March quarter result, due on Friday (April 30), stock of the lender has surged 13 per cent on the BSE, compared with a 5 per cent rally in the Sensex index, in