IndusInd Bank Gains As Jefferies Ups Target On Growth In Retail Deposit

Shares of IndusInd Bank Ltd. gained after Jefferies raised its price target for the lender, citing a turnaround in earnings with better growth and lower credit costs.

Shares of IndusInd Bank closed with nearly 3% gains. The stock was among the top gainers on the Nifty Bank. Of the 49 analysts tracking the company, 44 maintain a ‘buy’, four suggest a ‘hold’ and one recommends a ‘sell’, according to Bloomberg data. The average of the 12-month target price implies an 10.1% upside.