IndusInd Bank slips for fourth day, loses 11% in a week to hit 30-month low

Analysts' concerns about IndusInd Bank's exposure to stressed groups and the prevailing slowdown in select lending segments added to the woes.

Shares of IndusInd Bank slipped for the fourth straight day, down 4 per cent to Rs 1,280 apiece, hitting a 30-month low on the BSE on Friday amid a weak market sentiment. The stock of the private sector lender was trading at its lowest level since February 3, 2017.

In the past one-week, it has underperformed the market by falling 11 per cent, as compared to a 2 per cent decline in the S&P BSE Sensex. The stock has fallen below its previous low of Rs 1,314 hit on July 31, 2019 in the intra-day trade.

Analysts' concerns about IndusInd