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Why are investors dumping IndusInd Bank shares? Anil Singhvi shares his views

Published 1 week ago1 minute read

Shares of the private sector lender IndusInd Bank in Tuesday's trade (March 11, 2025) were down over 18 per cent as at the last count, while at the day's low the stock fell 20 per cent to Rs 720.5 apiece. 

IndusInd Bank shares in Tuesday's trade declined as there have been found accounting gaps in its derivative accounts. And this is seen to hurt the bank's net worth by as much as 2.35 per cent. As per Zee Business Managing Editor, this discrepancy is likely to result in a loss of Rs 1,600 crore in its net worth as well as Rs 2,100 crore in its profitability.

The discrepancy has been unearthed after the portfolio review at the lender post the RBI's framework.

Further, he noted that the said discrepancy has been found in trades that occured 5-7 years back.

Anil Singhvi advises to sell IndusInd Bank futures for a target of Rs 860,840 and 820, keeping a stop loss at Rs 920.

IndusInd Bank shares in the last one year have lost over 53 per cent, while its year-to-date return is -25 per cent.

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Zee Business
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