IndusInd Bank falls to a 6-month low, down 20% in 3 weeks

The stock was trading lower for the fifth straight day, down nearly 2% at Rs 956.10, quoting at its lowest level since May 17, 2021.

Shares of IndusInd Bank continued trading lower for the fifth straight day, hitting a six-month low of Rs 956.10, down nearly 2 per cent on the BSE in Thursday’s intra-day trade. In the past three weeks, the stock of private sector lender has fallen 20 per cent despite the bank management strongly refuting allegations around the evergreening of loans, citing media reports as "inaccurate and baseless".

The stock was trading at its lowest level since May 17, 2021. It had hit a 52-week high of Rs 1,241.85 on October 28, 2021.

On November 5, 2021, Economic Times reported,