IndusInd Bank Ltd News

IndusInd Bank share drops 3%, hits 52-week low as UBS slashes target price

The fall in the IndusInd Bank share price came after Zurich, Switzerland-based brokerage UBS slashed its target price to Rs 1,150 per share, according to reports

DMart, Tata Consumer, Asian Paints, IGL from BSE200 index hit 52-week lows

Adani Energy and Adani Wilmar from the BSE200 index have hit their respective 52-week lows after Gautam Adani and others were charged by US prosecutors for allegedly bribing Indian officials

Buy or Sell? TCS, Maruti, HUL among 7 Nifty stocks trading in oversold zone

These 7 Nifty 50 stocks are seen trading with an RSI below 30; stocks trading in oversold zone need not necessarily bounce back immediately. Here are the key levels to watch out for.

Asset quality headwinds, CEO extension concern worry IndusInd Bank

Amid headwinds, the bank faces uncertainty over CEO extension

Tata Power Renewable, IndusInd Bank partner to finance solar projects

Tata Power Renewable Energy Ltd has partnered with IndusInd Bank to offer financing options to Micro and Small Enterprises (MSEs) for solar installations. This alliance will provide MSEs with collateral-free solar financing, by offering loans ranging from Rs 10 lakh to Rs 2 crore, Tata Power Renewable Energy said in a statement on Tuesday. These loans, contingent on the bank's credit approval, require a 20 per cent margin and come with competitive interest rates, offering terms of up to 7 years, the company said. Deepesh Nanda, CEO & MD, Tata Power Renewable Energy said, "Through a partnership with IndusInd Bank, we are facilitating easy financing opportunities for MSEs (Micro and Small Enterprises) to adopt solar energy, which will not only help them reduce operational costs but also actively contribute to the green energy transition." Various public and private sector lenders are tied up with solar players to provide finance options for commercial and residential solar ...

Societe Generale sells its stake in IndusInd Bank for Rs 421 crore

Financial services company Societe Generale on Friday sold private sector lender IndusInd Bank's shares for Rs 421 crore through an open market transaction. According to the bulk deal data available on the National Stock Exchange (NSE), Paris-headquartered Societe Generale offloaded 39.30 lakh shares or 0.50 per cent stake in IndusInd Bank. The shares were disposed of at an average price of Rs 1,070.61 apiece, taking the transaction value to Rs 420.80 crore. Meanwhile, Societe Generale bought 29,725 shares at an average price of Rs 1,083.79 per piece, as per the data on the National Stock Exchange (NSE). This took the deal value to Rs 3.22 crore. Details of the other buyers of IndusInd Bank's shares could not be ascertained on the exchange. Shares of IndusInd Bank plunged 18.99 per cent to close at Rs 1,037 apiece on the NSE. On Thursday, IndusInd Bank reported a 40 per cent decline in September quarter net profit at Rs 1,331 crore, pulled down majorly by concerns about asset ..

Bandhan, IDFC First, RBL, CSB Bank among 19 financial stocks at 52-week low

Capital Small Finance Bank, ESAF Small Finance Bank, Fedbank Financial Services and Fusion Finance have hit an all-time low in trades on Friday.

Tech charts suggests IndusInd Bank could dip another 22% hereon

IndusInd Bank on Friday logged its biggest intra-day fall since March 2020; technically the stock has given a fresh downside breakout on multiple time-frames.

Bank Nifty down 2%, PSB index 4%: Reasons why bank stocks are falling today

Bank stocks today: The Nifty Bank index today fell 2.1 per cent in the intraday trade, to hit a low of 50,440.6 level on the NSE (National Stock Exchange)

IndusInd Bank share drops 20% on poor Q2 show; analysts slash target price

IndusInd Bank share price news: IndusInd Bank saw an all-round miss in Q2 earnings and the weakest earnings growth in the sector, by any bank, so far

IndusInd Bank Q2 results: Net profit falls 39.5% to Rs 1,331.29 crore

The bank's net interest income (NII) rose by 5 per cent Y-o-Y to Rs 5,347 crore, while the net interest margin (NIM) moderated to 4.08 per cent, down from 4.29 per cent last year

IndusInd Bank Q2FY25 results: Net profit falls 39% to Rs 1,325 cr

The private lender posted a net profit of Rs 1,325 crore ($157.7 million) for the three months ended Sept. 30, compared to Rs 2,181 crore a year earlier

IndusInd Bank board okays re-appointment of Kathpalia as MD & CEO for 3 yrs

Re-appointment is subject to RBI and shareholder approval

Divi's Lab, AEL, M&M among top movers & shakers in FY25; trading guide here

Among existing gainers, Divi's Lab and Shriram Finance seem poised for further gains, whereas losers IndusInd Bank and Nestle too look promising on technical charts; check key levels.

Hinduja Group's IIHL files documents to raise Rs 3,000 crore via NCDs

Hinduja Group firm IIHL, the successful resolution applicant for takeover of debt-ridden Reliance Capital (RCAP), on Monday filed offer documents to raise Rs 3,000 crore through non-convertible debentures (NCDs), according to sources. The proceeds will be used to part fund the acquisition of RCAP, while the other leg of the transaction to complete the process for Rs 4,300 crore is parallelly underway which will be subject to receipt of regulatory approvals and completion of formalities by the administrator, sources said. IndusInd International Holdings Ltd (IIHL) has filed the NCD offer document with the BSE. The NCD -- with a duration of 3.5 years -- is expected to open for subscription early next week, sources said. IIHL has already brought its equity component of Rs 2,750 crore for the transaction, which has been deposited in a designated account of the Committee of Creditors, under the supervision of NCLT. The NCLT Mumbai on February 27, 2024, approved IIHL's Rs 9,650-crore ..

SBI Card loses credit card market share in July; InCred retains 'Reduce'

InCred's target price translates into 30.7 per cent downside in the share price from previous close of Rs 721.15 per share.

CLSA maintains 'Outperform' on IndusInd Bank, says report; shares gain 3%

The northward move came after global brokerage firm CLSA maintained its "Outperform" rating on IndusInd Bank's stock with a target price of Rs 1,800

IndusInd Bank, Tata Consumer: Top picks by Jigar S Patel of Anand Rathi

In recent trading sessions, IndusInd Bank has demonstrated resilience by holding steady at its crucial historical support level of Rs 1,335

F&O Cues: Nifty needs to hold above 24,650; check bullish, bearish stocks

Derivatives market update: FIIs reduced longs in index futures marginally on Monday; their index long-short ratio stands at 1:1. Retail traders up long bets.

IndusInd Bank stock price surges on RBI nod for Mutual Fund business

The increase in stock price follows the RBI approval for the bank to establish a wholly owned subsidiary dedicated to asset management and mutual funds, with additional equity capital infusion.