IndusInd Bank shares slump 19% as Q2 numbers miss estimates, analysts cut TP

IndusInd Bank shares slump 19% as Q2 numbers miss estimates, analysts cut TP

ByKaushiki

On Friday, October 25, the intraday share price of IndusInd Bank fell 19% to a new 52-week low of ₹1,034 per share. This drop came after the bank’s poor September quarter results, which fell short of Street projections across the board and caused analysts to reduce their stock target prices. The lender’s declaration that it…

IndusInd Bank, AU Small Finance Bank among 8 lenders that saw rise in NPAs in Q1

IndusInd Bank, AU Small Finance Bank among 8 lenders that saw rise in NPAs in Q1

ByKaushiki

A non-performing asset (NPA) is a debt that has been past due and unpaid for a defined amount of time. Investors holding banking equities should be mindful of their portfolios’ non-performing assets (NPAs) as the Q1 FY25 results get near. Several banks reported an increase in non-performing assets (NPAs) during Q1FY25, including IndusInd Bank, AU…