Indusind Bank Share Price Today: Welcome to the l blog of Indusind Bank stock. Shares of Indusind Bank closed at Rs 105.05 on the previous trading day. The 52-week high level of Indusind Bank shares is Rs 1694.35. At the same time, the 52-week low level of Indusind Bank shares is Rs 1360. The market cap of Indusind Bank is Rs 107465.71 crore.
Lowered the target to Rs 1,730 from Rs 1,800. This adjustment follows IndusInd Bank's first quarter financial results for FY25, which showed a profit after tax (PAT) of Rs 21.7 billion.
The figure was about 10% lower than UBS' estimate of Rs 24.2 billion. The bank's net interest income (NII) grew 11.1% year-on-year, slightly missing expectations with margins showing a marginal quarter-on-quarter decline to 4.25%.
IndusInd Bank's total provisions for the quarter saw a marginal increase to 1.2% of loans from 1.1% in the previous quarter. Core pre-provision operating profit (PPOP) grew about 3% year-on-year, impacted by slower NII growth and a 20% rise in operating expenses. However, the bank's core fee income grew by 11% compared to the same period last year.
The report also noted a marginal increase in gross slippages, which increased by about 40 basis points quarter-on-quarter to 1.79%. Despite this, the bank experienced a 15% growth in total deposits, with retail deposits, as defined by the liquidity coverage ratio (LCR), growing by 16% year-on-year.
UBS highlighted that a marginal increase in credit costs in a traditionally seasonally weak quarter was a positive aspect in an otherwise weak set of quarterly results. The firm also pointed out that clarity on management succession plans would be a key catalyst for IndusInd Bank's stock in the near term.
The stock is valued at 1.3 times FY26 estimated price-to-book value (P/BV), which is at a discount to peers and comparable to State Bank of India (SBI) valuations.
The reduction in price target reflects lower than expected earnings per share (EPS), as UBS said, “We maintain Buy with a lower PT of Rs 1,730 (from Rs 1,800) while discounting EPS.”
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There was a stormy rise in banking stocks in the stock market on Wednesday, led by HDFC Bank, the largest bank in the private sector. The rise in banking stocks is such that Bank Nifty came close to 52000 and there was a rise of up to 1400 points.
There was a stormy rise in banking stocks in the stock market on Wednesday, led by HDFC Bank, the largest bank in the private sector. The rise in banking stocks is such that Bank Nifty came close to 52000 and there was a rise of up to 1400 points.
Shares of Indusind Bank Ltd, another large-cap bank in the private sector, are also seeing a rise of up to 2.50 percent. Shares of Indusind Bank were trading at the level of 1545.
Market expert Nooresh Merani has given a positive view on the shares of Indusind Bank Limited. Merani has given a buy rating on the private lender. Along with this, brokerage firm Bernstein said that the private bank is in a potential rate easing position. The total market cap of this private bank is Rs 117467.08 crore.
Shares of Indusind Bank Ltd, another large-cap bank in the private sector, are also seeing a rise of up to 2.50 percent. Shares of Indusind Bank were trading at the level of 1545.
Market expert Nooresh Merani has given a positive view on the shares of Indusind Bank Limited. Merani has given a buy rating on the private lender. Along with this, brokerage firm Bernstein said that the private bank is in a potential rate easing position. The total market cap of this private bank is Rs 117467.08 crore.
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