Page 19 - Indusind Bank

IndusInd Bank dips 6% on profit booking post September quarter results

The bank reported a healthy 57 per cent YoY growth in July-September standalone net profit to Rs 1,805 crore driven by a healthy rise in loan disbursement and net interest income.

Stocks to Watch: IndusInd Bank, Delhivery, Tracxn, Shoppers Stop, ITC, NLC

Stocks to watch today: Tracxn Technologies will make its debut on the bourses Thursday. As per IPO Watch, it may see a muted listing with flat to a negative discount. The issue price is Rs 80 a share

IndusInd Bank's Q2 net profit rises 57% to 1,805 cr, NII rises 18%

Should see 18-20% credit growth in FY23 says Sumant Kathpalia, MD & CEO, IndusInd Bank

IndusInd Bank's consolidated net profit jumps 57% to Rs 1,805 cr in Q2

Gross bad loans as a percentage of total loans, a measure of asset quality, eased to 2.11% at the end of September, from 2.35% at the end of June

Support zone for Nifty shifted higher to 17,200-17,300, says Vinay Rajani

Among individual stocks, the technical analyst from HDFC Securities recommends buying IndusInd Bank and Mahindra CIE.

Route One Fund sells 1.54% stake in IndusInd Bank for Rs 1,401 cr

US-based hedge fund Route One Fund I LP on Tuesday divested a 1.54 per cent stake in IndusInd Bank for Rs 1,401 crore through an open market transaction. Route One Fund I LP offloaded 1,20,00,000 shares, amounting to a 1.54 per cent stake in the company, as per the data available with the National Stock Exchange (NSE). The shares were disposed of at an average price of Rs 1,168.26 apiece, taking the transaction value to Rs 1,401.91 crore. Meanwhile, Goldman Sachs Investment (Mauritius) I Ltd picked up over 69 lakh shares of the company. As of the June quarter, Route One Fund I LP held a 2.75 per cent stake in the company, shareholding data showed with the bourse. Shares of IndusInd Bank closed 3.76 per cent lower at Rs 1,164.80 on NSE.

YES Bank's Q2 loan book grows 11.6% YoY; deposit base cross Rs 2-trn mark

The share of low-cost money, CASA , in deposits was 31.3% as of September 30, 2022

Gains ahead for SBI: Higher NIM could lead to double digit earnings growth

A recovering economy may lead to higher credit demand from corporates, despite rising rates and there are signs that retail consumption is picking up

IndusInd Bank and RBL Bank increase MCLR days ahead of MPC meeting

MPC has increased the repo rate by 140 bps cumulatively since May in an effort to rein in inflation

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 gains 2% on strong outlook; stock up 53% in 3 months

Analysts expect that the bank's credit growth and profitability is expected to be strong on account of revived demand in MFI and vehicle finance.

Stocks to Watch: Adani Ports, Tata Power, UPL, SBI, Tata Motors, Patanjali

Stocks to Watch: State Bank of India (SBI) has clarified that it has not been identified as a nodal bank for handling Russia-related rupee transactions

IndusInd Bank re-appoints Sumant Kathpalia as MD & CEO for 3 years

Prior to joining IndusInd Bank, Kathpalia had stints with Citibank, Bank of America and ABN Amro

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

Mehul Kothari of Anand Rathi suggests selling IndusInd Bank. Here's why

Recently the stock of INDUSINDBK surged from the zone of Rs 800 towards Rs 1,100 mark without any meaningful correction. This indicates possibility of some profit booking

BSE, NSE to remain closed for trading today on account of Muharram

The official website, bseindia.com states that August 9 will be a market holiday, which would mean that there will be no trading in equity segment, equity derivative segment and SLB degment

Trading Calls: Mehul Kothari recommends Buy Birlasoft, Sell IndusInd Bank

According to the analyst from Anand Rathi, IndusInd Bank has rallied sharply in the recent days without any corrective move, and is currently facing some headwinds at 200-WMA.

Strong Q1 builds case for IndusInd's re-rating; 50% upside likely: Analysts

IndusInd Bank Q1 review: For a stronger re-rating, IIB would need to demonstrate decline in stress formation and increase in deposit granularity, analysts said

IndusInd Bank shares jump over 5% on Sensex after June quarter earnings

Shares of IndusInd Bank climbed over 5 per cent in morning trade on Thursday after the company reported a 60.5 per cent jump in net profit for the quarter ended June

IndusInd, AU SFB: Mid-cap banks roar as Nifty Bank fires above 36,000

Barring Federal Bank, other mid-cap banks like RBL Bank, IndusInd Bank, AU Small Finance Bank and IDFC First Bank are yet to conquer their crucial resistances