IndusInd Bank shares jump 6%. Why Jefferies & other brokers raised their target prices

Wait 5 sec.

IndusInd Bank shares surged following Q4 results that indicated a potential turnaround, with profit jumping 331% sequentially and asset quality showing signs of stabilization. Several brokerages raised their target prices, citing improved profitability and a strong recovery path, though some remain cautious about the pace of re-rating.