IndusInd Bank's stock rally has more legs; up to 35% upside likely: Experts

IndusInd Bank has addressed key issues that were an overhang on the counter at the bourses - the biggest being the reappointment of its managing director and chief executive officer

Shares of IndusInd Bank have seen a turnaround performance thus far in calendar year 2022 (CY22) with the counter rising 38 per cent so far this calendar year (CY22), as against a 0.76-per cent dip in CY21. With this, it has outperformed the Nifty50, and Nifty Bank indices by a wide margin that have gained 2 per cent, and 16 per cent, respectively, during this period.

Going forward, analysts see more legs to the rally as the company addressed key issues that were an overhang on the counter at the bourses – the biggest being the reappointment of its managing