Sharekhan remains positive on IndusInd Bank but reduces target price; says earnings to drive re-rating

Sharekhan observed that the bank has acknowledged the learning due to the challenges it faced in the past due to higher reliance on wholesale deposits and borrowings and believes that the focus would now shift back to business performance from hereon.

IndusInd Bank shares plummet nearly 7% as RBI approves reappointment of MD Kathpalia for two years instead of three

IndusInd Bank's stock dipped after the RBI approved the reappointment of MD &amp; CEO Sumant Kathpalia for two years instead of three, as proposed by the board. Analysts are uncertain why the tenure extension was shorter and have downgraded the rating on the stock.

KR Choksey remains bullish on these two large-cap banking stocks; sees up to 38% upside

ICICI Bank, the second-largest private sector lender in India, has shown robust growth momentum in all segments over the last few years. IndusInd Bank, on the other hand, has emerged as one of India's fastest-growing private banks.

Stocks to buy: Oberoi Realty, Asian Paints, L&T among 9 picks analysts recommend for short term

V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, pointed out that the trend reversal in Nifty, led by banking and metals, has more legs to go.

IndusInd Bank jumps 5% on report Hinduja Group is planning to increase stake

The bank reported a 58% jump in its December quarter net profit driven by improvements in asset quality and core income.

IndusInd Bank: What should you do with the stock after Q3?

IndusInd Bank's stock slipped 2% on BSE after the company released its December quarter scorecard. Most brokerage firms have a positive view on the stock with 'buy' calls. Credit Suisse, CLSA, Morgan Stanley and Jefferies all have 'buy' calls on the stock with target prices ranging from ₹1,430 to ₹1,600. The average of 42 analysts polled by MintGenie also have a 'buy' call on the stock.

Q3 Earnings: IndusInd Bank net profit jumps 58% to ₹1,964 crore in December quarter

<ul><li>The private sector lender's net interest income grew 18 per cent to ₹4,495 crore, driven by a 19 per cent loan growth and a 0.17 per cent widening in the net interest margin to 4.27 per cent.</li></ul>

From RIL to Maruti: ICICI Direct lists top stock picks for 2023 that can rise up to 35%

The Indian market has outperformed global peers despite multiple headwinds including the Russia-Ukraine war, inflation, interest rate hikes and fears of recession. India's outperformance this year is attributed to 'stronger domestic fundamentals'. Going ahead, ICICI Direct believes H1CY23 is likely to remain volatile, however, such volatility will throw up attractive opportunities in domestic oriented sectors like banks, capital goods, infra, and logistics. Apart from these, sectors like retail, real estate, auto ancillaries will also provide good opportunities for the medium to long term, suggested the brokerage. It has listed 9 stock picks for 2023. Let's take a look:

IndusInd Bank Q2: Should you buy post earnings? These 4 brokerages say yes

In the September quarter (Q2FY23), private sector lender, IndusInd Bank, beat analyst estimates to report a 57 percent YoY rise in its net profit to ₹1,805.22 crore. Brokerages have retained their buy calls on the stock post its September quarter earnings.

IndusInd Bank Q2 profit jumps to ₹1,805 crore on lower provisions

IndusInd Bank reported an 18 per cent growth in the core net interest income at ₹4,302 crore on the back of an 18 per cent loan growth and the net interest margin widening to 4.24 per cent as against 4.07 per cent in the year-ago period.

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Sharekhan remains positive on IndusInd Bank but reduces target price; says earnings to drive re-rating

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