March 19, 2025
Home » Reduce IndusInd Bank, target price Rs 850: ICICI Securities Jobbery Stock Market update New
Reduce IndusInd Bank, target price Rs 850:  ICICI Securities

ICICI Securities has maintained a reduce call on IndusInd Bank with a target price of Rs 850, citing concerns over internal hedging in foreign currency derivatives. The bank’s Q4FY25 profitability could be affected, potentially leading to a loss. Promoters hold a 16.29% stake, FIIs 24.74%, and DIIs 42.05% as of December 2024.

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