During the morning session on March 7th 2025, the share prices of IndusInd Bank crashed by almost 15% since the opening bell. The downgrade graph of the prices is due to the discrepancies in the Bank’s derivative accounts that did not follow the RBI’s guidelines enforced in April 2024.
The Bank expects a 2.35% decline in profits in December 2024. This could amount to approximately 1500 crores of losses. IndusInd Bank shares opened to the market at Rs. 810.45 a piece and are currently down by 11% compared to the opening bell rates. During this session, the shares hit a 52-week low on BSE.
On March 10th, IndusInd Bank said, “Bank’s detailed internal review has estimated an adverse impact of approximately 2.35% of Bank’s Net worth as of December 2024. The Bank has also parallely appointed a reputed external agency to independently review and validate the internal findings. The final report of the external agency is awaited and the basis on which the Bank will appropriately consider any resultant impact in its financial statements. The Bank’s profitability and capital adequacy remains healthy to absorb this one-time impact,”
IndusInd Bank Share Price in Today’s Market
At 10:00 a.m., IndusInd is trading at 722.35 a share, nearly 11.4% lower than the opening rate. And 21% lower than its previous close. According to the reports and estimates on Money Control, the current market capitalization shows 56,228 cores; the UC Limit is 900.55, and the LC Limit is 900.55.
Company Financials
IndusInd Bank disclosed its Q3 financial statements on January 31st. The Bank’s reports say that there’s a decline in the Bank’s third-quarter performance. IndusInd Bank’s net profit fell by 39% year-over-year to Rs. 1,401 crore, compared to Rs. 2,295 crore in the same quarter of the previous fiscal year. The Net Interest Income (NII) descended to Rs. 5,228 crore from Rs. 5,296 crore in the third quarter of FY24. The Net Interest Margin contracted to 3.93% from 4.29%.
Recent News About IndusInd Bank
- On January 17th, CFO Gobind Jain resigned from the Bank. Arun Khurrana, the current deputy CEO and full-time director, took over the role of CFO.
- On March 7th, 2025, the Reserve Bank of India agreed to reappoint Sumant Kathpalia as the Managing Director and CEO of IndusInd Bank, but only for one year.
IndusInd Bank Share Price Target
IIFL Securities predicted IndusInd Bank’s share price target as Rs 910 per share despite retaining an ‘add’ rating. The expected target fell from Rs 970 earlier. And the share price target of the Bank, according to analysts in Trendlyne, has an average of 1367.33. The consensus estimated an upside of 78.64% from the last price of 765.40.
Should You Buy, Sell, Or Hold?
Despite the poor performance, analysts on Money Control support buying the shares. 52% of them recommend buying, 26% suggest holding, and 2% suggest selling the shares. Analysts on Trendlyne share similar sentiments.
Before investing in IndusInd Bank, consider its long-term performance and consult your analyst to make the perfect move.
