IndusInd Bank: The private sector lender hit its 52-week high of ₹1,694.35 in the previous session, on January 15. With that, it has now rallied over 71 percent from its 52-week low of ₹990.25, hit on February 1, 2023.
ICICI Direct has picked banking major IndusInd Bank as its High Conviction Idea for the month of December. The recommendation is driven by the bank s commendable asset quality.
IndusInd Bank said it has entered into a $100 million long-term loan agreement with JBIC to facilitate Indian entities interested in buying Japanese construction equipment.
IndusInd Bank shares: Haitong Securities said the stock trades at 1.4 times FY24 adjusted book value of Rs 762. It currently has an 'outperform' rating on the stock with target price of Rs 1,386.
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