IndusInd Bank share price rebounds after worst-ever yearly show: Will the recovery last?
Live MintShares of IndusInd Bank, one of the leading private sector banks, have rebounded notably in recent sessions following a sustained period of selling pressure. This decline was driven by the bank's poor performance in the September quarter, which also led to multiple target cuts by brokerage firms, fueling one of the bleakest days for the stock in recent history. Disappointing performance continues Domestic brokerage firm Incred Equities, in its recent report, stated that the bank delivered another lower-than-expected performance during 3QFY25, with a negative surprise on the deposit front. We are closely monitoring the asset quality trend for the bank, considering large MFI and vehicle finance portfolios as well as the recent surge in the small corporate portfolio of the bank," said Incred.