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 improved governance, a cleaned-up balance sheet, and a stronger earnings outlook. The new target implies a 30% upside. Nomura also noted the bank’s efforts to resolve legacy issues and improve transparency.
Finding winning stocks getting tougher, bottom-up ideas key: Sridhar Sivaram
Sridhar Sivaram maintains a cautious view but expresses optimism for the second half of the year. He anticipates a potential shift in market leadership away
July 30, 2025