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Bloomberg Quint

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Image Credit: Bloomberg Quint

IndusInd Bank Target Price Cut By Morgan Stanley As Weaker Earnings Projected

  • Morgan Stanley has cut its target price for IndusInd Bank Ltd., lowering it from Rs 1,105 to Rs 755.
  • IndusInd Bank's Q4 FY25 performance was notably weak, with loan growth slowing to 1% year-on-year from 12% YoY in the previous quarter.
  • Deposit growth declined to 7% YoY compared to 11% YoY last quarter, and the bank's Current Account Savings Account deposits fell 6% quarter-on-quarter.
  • Morgan Stanley has sharply reduced its earnings estimates for IndusInd Bank, lowering its EPS estimates by 27% for FY25 and 17% for both FY26 and FY27.

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