Investors should not rush into IndusInd Bank stock right now, but buy on news flow and in a phased manner, reckons Gaurang Shah of Geojit Financial Services.
IndusInd Bank share: The market capitalisation of IndusInd Bank broke below the Rs 50,000-crore mark as it stood at Rs 48,609 crore at 9:20 AM
Seeks CEO probables' names soon; bank mcap slips Rs 19K cr
Kathpalia assures strong capital adequacy as promoters reaffirm trust in bank
IndusInd Bank share price: The stock was locked at Rs 810.5 per share at 9:20 AM on Tuesday
IndusInd International Holdings Chairman Ashok Hinduja urged shareholders not to panic after IndusInd Bank's share price plummeted 23%
Stock Market Highlights: The Sensex recovered 500 pts from the day's low to end flat at 74,102; Nifty settled at 22,498. ICICI Bank, Bharti Airtel and Reliance Industries led the recovery on Tuesday.
According to ACE Equity data, LIC and ICICI Prudential fund held more than 5% stake in IndusInd Bank; another 13 fund houses owned more than 1 per cent equity of the bank as of December quarter.
Hinduja Group stocks: Share price of Ashok Leyland, and Gulf Oil Lubricant fell as low as 3.8 per cent each on Tuesday
The stock hit an intraday low of Rs 720.50 on Tuesday. It has more than halved from its 52-week high level of Rs 1,576, which it touched on April 8, 2024.
Technical chart hints up to 10% downside risk for the Bank Nifty; among private banking shares HDFC Bank looks weak; while ICICI Bank and Axis Bank may trade with a favourable bias in the near-term.
FIIs net sold shares worth Rs 485.41 crore, while DIIs net bought shares worth Rs 263.51 crore, on March 10
Stocks to Watch Today, March 11, 2025: IndusInd Bank share price will be in focus today after the bank reported discrepancy in derivative trade. This comes after the CEO got just a one-year extension
The Mumbai-based lender said the net worth impact emerged from internal derivative trades, which were not in compliance with rules enforced by the Reserve Bank of India from April 2024
This is the second consecutive time that the banking regulator has approved a shorter tenor, despite the board requesting a full three-year term
Discrepancies in derivatives portfolio to have 2.35% impact on the lender's net worth
On the bourses, IndusInd Bank shares have tanked about 8 per cent in the last five trading sessions, 15 per cent in the past month and 37 per cent in the past six months
IndusInd Bank's board had sought a three-year reappointment from RBI
The Reserve Bank of India (RBI) approved Kathpalia's term to be extended from March 24 this year to March 23, 2026, IndusInd said
The Reserve Bank of India (RBI) approved Kathpalia's term to be extended from March 24 this year to March 23, 2026, IndusInd said