Economic TimesLean R·
IndusInd Bank shares rise 2% after Q2 results. Why Jefferies cut target price despite lender swinging to profit
IndusInd Bank announced a net profit of Rs 1,176 crore for the quarter ending September 2027. The bank's asset quality improved with gross non-performing assets declining to 2.73% from 3.6% a year earlier. Jefferies adjusted its target price for the bank's shares down to Rs 1,130 due to changing credit cost expectations. Motilal Oswal maintained a neutral stance with a target price of Rs 1,050, indicating a positive outlook.
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