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.