IndusInd Bank shares edge up in rough trading session
Updated
Updated · MarketWatch · Apr 30
IndusInd Bank shares edge up in rough trading session
16 articles · Updated · MarketWatch · Apr 30
The stock rose 0.21% to 915.55 rupees as the BSE Sensex fell 0.75% to 76,913.50 on Thursday.
It outperformed Union Bank of India and State Bank of India, which dropped 0.82% and 1.70%, while Kotak Mahindra Bank gained 0.28%.
IndusInd Bank closed 5.48% below its 52-week high of 968.60 rupees reached on 26 February, with trading volume of 93,719 versus a 50-day average of 239,133.
As foreign funds exit and domestic funds buy in, is IndusInd Bank a risky bet or a smart turnaround play?
With profits collapsing and loans shrinking, can IndusInd Bank's new strategy truly spark a sustainable recovery?