IndusInd Bank shares edge up in weak market, outperforming rivals
Updated
Updated · MarketWatch · May 7
IndusInd Bank shares edge up in weak market, outperforming rivals
9 articles · Updated · MarketWatch · May 7
The stock rose 0.01% to 946.60 rupees on Thursday as the BSE Sensex fell 0.15% to 77,844.52.
IndusInd closed 2.27% below its 52-week high of 968.60 rupees reached on 26 February, while Union Bank and SBI fell and Kotak Mahindra Bank gained 0.84%.
Trading volume was 44,409 shares, well below the 50-day average of 204,465, indicating muted investor activity despite the stock's relative outperformance.
With analysts deeply divided, is IndusInd Bank a prime recovery investment or an unfolding governance disaster?
Amid a major fraud probe, is IndusInd Bank's surprise profit a genuine recovery or a statistical illusion?