Bandhan Bank is currently experiencing a pronounced downtrend, with indications pointing towards a potential bottoming out near the Covid lows in the range of Rs 180-160 per share.
Top brokerages remain optimistic about the prospects of IndusInd Bank. While Macquarie has retained an Outperform view, domestic brokerages Motilal Oswal and Nuvama have reiterated their buy stance.
Analysts remain bullish on the counter, saying steady margins, improving retail deposit mix and strong loan growth were some of the key positives from Q3 results
IndusInd Bank target price: Kotak said the bank continues to invest in the franchise, leading to elevated cost ratios. Meaningful outperformance, said Kotak, appears to be unlikely, as valuations are capped by relative valuations as well.