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Analysts cautious on IndusInd Bank despite all-round beat in Q3; here's why

Nuvama Institutional Equities has downgraded IndusInd Bank's stock to 'hold' from 'buy'

Topics
IndusInd Bank | Markets | Buzzing stocks

Nikita Vashisht  |  New Delhi 



Q3 review: Despite an all-round beat in the December quarter (Q3) results for 2022-23 financial year (FY23), shares of settled 1.76 per cent down at Rs 1,201 apiece on the BSE on Thursday, after falling 3 per cent intra-day. By comparison, the benchmark S&P BSE Sensex ended 0.3 per cent lower.

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First Published: Thu, January 19 2023. 12:15 IST

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