Global Stock News

IndusInd Bank share price gains despite record Q4 loss, brokerage downgrades. Is the worst priced in?

IndusInd Bank share price gains despite record Q4 loss, brokerage downgrades. Is the worst priced in?

IndusInd Bank share price: Shares of private sector lender IndusInd Bank rebounded from the day’s low to trade higher on Thursday, May 22, despite posting a record quarterly loss during the March quarter (Q4) of the financial year 2024-25 (FY25). However, the outlook for the lender remains weak as several brokerages downgraded IndusInd Bank stock post Q4 results and as it reported fresh fraud.

IndusInd Bank share price crashed nearly 6% in the opening trade today to hit the day’s low of 725.65 on the BSE. However, the stock erased all losses and traded over 2% higher at 788.35 apiece around 9.45 am to emerge as the best performer in the Nifty 50 index.

Despite this, in 2025 so far, IndusInd Bank stock has tumbled 19% and is down…

Source link

Share this article

Scroll to Top