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Bloomberg Quint

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Image Credit: Bloomberg Quint

IndusInd Bank Share Price Jumps After External Report On Accounting Discrepancies

  • IndusInd Bank's share price jumped 2.46% following the release of an external report on accounting discrepancies, resulting in a financial impact of Rs 1,979 crore.
  • The report stated that the impact represented 2.27% of the bank's net worth as of December 31, 2024, slightly lower than the bank's internal review estimate of 2.35%.
  • Macquarie maintained an 'outperform' rating, considering the impact of the discrepancies as incrementally positive in the near term.
  • Morgan Stanley maintained an 'equal-weight' rating and expects more clarity on trends, margins, growth, and asset quality from the fourth-quarter earnings.

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