IndusInd Bank share price: The stock of the private lender clocked a majority of gains (22%) in the last six months. On the other hand, benchmark Sensex climbed 16% in 2023.
IndusInd Bank shares rose 0.78% to a high of Rs 1497.95 today against the previous close of Rs 1486.30 on BSE. Market cap of the bank rose to Rs 1.15 lakh crore.
Among the ones who came out with their post-earnings review of the stocks were BofA, Kotak Institutional Equities and Nuvama and all of them have a buy view on the counter. Meanwhile, Motilal Oswal chose to take a neutral stance on the counter.
Net interest income, the difference between interest earned and interest expended, rose 18% on year to Rs 5,077 crore. Provisions for the quarter was Rs 974 crore, compared with Rs 1,141 crore a year ago.