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

IndusInd Bank
Web Exclusive Premium

Analysts say IndusInd Bank is well positioned to benefit from the upcycle in MFI and CV loan segments

Nikita Vashisht New Delhi
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

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 21 2022 | 1:00 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com