IndusInd Bank shares jumped 3.9% after global brokerage Nomura upgraded the stock to ‘buy’ and raised its price target by 50% to ₹1,050. The upgrade reflects improved governance, a cleaner balance sheet, and stronger earnings outlook, signaling renewed investor confidence in the private lender’s growth trajectory.
IndusInd Bank’s stock witnessed a sharp rally of 3.9%, buoyed by a significant upgrade from global brokerage firm Nomura. The firm shifted its rating to ‘buy’ and simultaneously hiked the price target by 50% to ₹1,050, implying a potential 30% upside from current levels.
Key highlights driving the surge include:
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Improved governance standards and enhanced transparency in operations.
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A cleaned-up balance sheet, reducing legacy concerns.
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Strengthened earnings outlook, supported by better asset quality and operational efficiency.
Nomura emphasized that IndusInd Bank has made notable progress in resolving past issues, which has bolstered investor sentiment. The brokerage’s confidence stems from the bank’s proactive measures to streamline its financials and reinforce credibility in the market.
This rally comes at a crucial juncture, as the broader banking sector faces mixed signals amid fluctuating deposit growth and credit demand. For IndusInd Bank, however, the latest endorsement highlights its resilience and potential to outperform peers in the near term.
With the stock now trading higher, market watchers will closely monitor whether the bank sustains momentum and delivers on the optimistic projections set forth by Nomura.
Sources: The Economic Times, ZerodhaZerodha, HDFC Sky.