The IndusInd Bank shares rose 2.6% to an intra-day high of Rs 770.65 on the National Stock Exchange. The uptick in the banking stock came after it posted its quarterly earnings for Q2 FY26. The bank has been mired in controversy and concerns about accounting discrepancies for the better part of this year. As it starts the revival process, brokerages weigh in on the near-term challenges and return prospects

Nuvama on IndusInd Bank

Nuvama Institutional Equities maintained its ‘Sell’ rating on IndusInd Bank. The brokerage has a target price of Rs 600, implying a downside of another 20% in the banking stock. The loss was driven by an accelerated write-off in MFI and weak loan growth. Savings decline continues with Savings Accounts (SA) down 4% QoQ and 8% YoY.

“We believe RoA is unlikel

See Full Page