The Economic Times

IndusInd Bank shares in focus after Q2 results. Why Jefferies cut target despite lender swinging to profit

IndusInd Bank shares will be in focus after the lender reported a Q2 FY27 net profit of Rs 1,176 crore, reversing a year-ago loss of Rs 445 crore. Improved asset quality, lower provisions and stronger fee income supported the performance. Jefferies retained its Buy rating but cut its target price to Rs 1,130, while Motilal Oswal maintained a Neutral rating with a Rs 1,050 target.