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IndusInd Bank share Crash: The shareholders of IndusInd Bank, one of the private sector legendary banks, have wreaked havoc on Tuesday 11 March 2025. In one stroke, investors lost thousands of crores of rupees. IndusInd Bank’s stock which was closed at Rs 900 in the previous trading session, fell to Rs 720 after a 20 per cent decline in today’s session. That is, a loss of Rs 180 per share to investors has been seen in today’s business session. After the decline of 20 percent, the stock of IndusInd Bank has been lower circuit. For the first time since 2020, IndusInd Bank shares have seen such a big decline.
Why Indusind Bank’s stock fell
IndusInd Bank said in a regulatory filing near the stock exchange that during the internal review of the Darvetives Portfolio, there has been a disturbance in the account balance due to which the bank has found it that it has lost 2.35 percent in its net worth. Due to this, the impact on the profit of the bank can be seen. According to an estimate, due to this, the bank’s net worth can be reduced by Rs 1600 to 2000 crore. And the bank can adjust this loss in profits in the fourth quarter of the current financial year or in the first quarter of FY 2025-26. The bank’s CEO and MD Sumant Kathpalia said during an analyst call that the bank will not touch its reserve to compensate for this loss and will be compensated in the balance sheet.
Based on the order given by the Reserve Bank of India in September 2023, IndusInd Bank has reviewed the Asset Lawyability Investment Portfolio, after which these things have come out. IndusInd Bank has also appointed an external agency who will review these things and find out it.
Brokerage houses reduced the target price of stock
Brokerage houses have reduced the target price of the stock after the loss of loss in IndusInd Bank’s Dervivives Portfolio. The tagret price of this stock included in the BSE Sensex 30 has been reduced by Nuwama Institutives to Rs 750. Apart from Kotak Institutional Equities, Morgan Stanley has also reduced the target price.
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