“Considering the subdued ROE profile of the company as well as high post-issue adequacy of 50%, return ratios are expected to remain under pressure in coming years. We have a cautious view on the issue,” said Incred Equities.
Nomura upgrades IndusInd Bank to buy, sees 30% upside; shares rally 4%
IndusInd Bank shares rose up to 3.9% after Nomura upgraded the stock to ‘buy’ and raised its price target by 50% to Rs 1,050, citing