I-Sec downgrades IndusInd Bank to Reduce, lowers target price to Rs 850 Jobbery Stock Market update New

ICICI Securities has downgraded the rating of IndusInd Bank from Buy to Reduce, setting a new target price of Rs 850. The bank’s current market price is Rs 720.5. This decision was influenced by concerns over potential management changes and an expected period of slow growth. IndusInd Bank’s key products include interest and income from investments.