IndusInd Bank hits 5-month high; regains Rs 1 trillion market cap mark

The stock was under pressure after falling 34 per cent between August 3, 2018 and October 31, 2018, on concerns over its exposure to the IL&FS Group

Shares of IndusInd Bank are trading higher for the third straight day, hitting five-month high of Rs 1,685, up 3 per cent on the BSE, in intra-day trade on Thursday in an otherwise range-bound market. The stock was trading at its highest level since October 16, 2018.

In the past three trading days, the stock has rallied 11 per cent, as compared to 2 per cent rise in the S&P BSE Sensex. It recovered 26 per cent from its 52-week low level of Rs 1,334 on October 31, 2018. Boosted by continuous rally in stock, the market valuation of IndusInd