INDUSIND BANK CMP 850. TARGET 880-932. SL 830.
INDUSIND BANK CMP 850. TARGET 880-932. SL 830.
The stock is in an uptrend after a shocking news of internal losses. The stock is approaching towards its immediate target of Rs.880 backed by a stop below price of Rs.830. A positional trader can hold the positions with further deeper stop of Rs.800 for potential target of Rs.932.
Nomura upgraded the stock from Neutral to Buy, and raised its target from ₹700 to ₹1,050—suggesting a potential upside of 25–30% on improved corporate governance, a cleaned-up balance sheet, ongoing leadership reshuffle, and regulatory comfort from RBI.
Despite recent troubles, IndusInd Bank’s capital and liquidity levels remain strong. The bank has a Common Equity Tier-1 (CET-1) ratio of 15.1% and a liquidity coverage ratio (LCR) of 118%. These numbers suggest the bank has a good buffer in case of financial stress. The brokerage also highlighted the bank’s strong presence in the retail market, which may help it recover profitability faster.
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