Credit Suisse retains 'outperform' on IndusInd Bk on robust growth outlook

IndusInd Bank emerged as the top Sensex gainer in Friday's early deals, with the shares surging 3.5 per cent to Rs 1,147 per share on the BSE. In comparison, the benchmark S&P BSE Sensex index was up 0.4 per cent at 9:40 AM.

Global brokerage Credit Suisse has maintained 'outperform' rating on the stock with a target price of Rs 1,280 as it believes the bank is well capitalised to drive future growth prospects.

"As the bank is well capitalised, we expect it to achieve loan growth of over 20 per cent in fiscal year 2022-23 (FY23). Given this, the