IndusInd Bank shares: Nomura upgrades stock; compares it with YES Bank & RBL Bank, says this
Shares of IndusInd Bank Ltd surged nearly 6 per cent during the trading session on Wednesday after the global brokerage firm Nomura upgraded its rating on the private lender and increased its target price on the counter by 50 per cent after the recent sequent of the events.
Shares of IndusInd Bank surged 5.69 per cent to Rs 855.20 on Monday, with its market capitalization hitting Rs 67,000 crore mark. The stock had settled at Rs 809.15 on Tuesday. The stock has zoomed nearly 41 per cent from its 52-week low at Rs 605.40 hit nearly 3 months ago.
Nomura upgraded IndusInd Bank to a ‘Buy’ rating from ‘Neutral’ on Wednesday and raised its price target to Rs 1,050 from Rs 700 earlier, signaling a 50 per cent revision in its targets. The…
