Neutral impactResults
IndusInd Bank shares rise 2% after Q2 results. Why Jefferies cut target price despite lender swinging to profit
Economic Times 1 hr ago·26 Oct 2026, 3:52 am
IndusInd Bank reported a swing to profit for the second quarter, with net profit rising to Rs 1,176 crore. The lender also showed improvement in asset quality, as gross non-performing assets (NPAs) fell to 2.73% from 3.6% a year earlier. This positive performance highlights the bank's ability to manage its loan book and control costs despite a challenging economic environment.
Despite these strong results, foreign brokerage Jefferies cut its target price for the stock to Rs 1,130. The firm cited expectations of higher credit costs in the future, which could impact profitability. Meanwhile, Motilal Oswal maintained a 'neutral' stance with a target price of Rs 1,050, suggesting that while the bank is performing well, the stock may not see immediate significant upside.
Investors should watch the bank's credit cost trajectory and asset quality trends in the coming quarters. Any signs of rising bad loans or higher provisions could weigh on the stock, while continued improvement in asset quality could support the share price. Keeping an eye on management commentary regarding future growth and risk appetite will also be crucial for retail investors.
Excerpt from Economic Times
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…Read the original at Economic Times
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Key takeaways
- Concerns IndusInd Bank (INDUSINDBK).
- Category: Results.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update for IndusInd Bank worth tracking. Use the price and stock snapshot to gauge how the market is responding.
