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.