Share Market News: IndusInd Bank Stock Gains Over 5% After Nomura Promises Positive Assessment

Share Market News: IndusInd Bank shares rose by more than 5%.  Nomura’s revised “buy” rating and target price hike from Rs 700 to Rs 1,050, indicating a potential 25% upside, contributed to the upward momentum. Nomura voiced confidence in the bank’s improving fundamentals, estimating that the Return on Assets (ROA) will reach 1% by FY27. The shares fell from Rs 900 on March 10 to a low of Rs 606. This was due to concerns about the company’s derivative portfolio and accounting processes. The resignation of MD and CEO Sumanth Katpalia in April had an even greater influence on the situation.

Nomura’s Outlook on IndusInd Bank

However, a favourable shift occurred following the Reserve Bank of India’s regulatory clearance and internal corrective steps. Nomura remarked that the bank’s board now exhibits a strong commitment to corporate governance, which has helped to rebuild investor confidence. Future developments include intentions to raise promoter shares, which are subject to RBI approval, as well as the search for a new CEO. IndusInd Bank, India's fifth-largest private sector bank, services over 41 million customers via a vast network of 7,100+ branches and 3,027 ATMs, demonstrating its strong market presence and potential for long-term expansion.