IndusInd Bank’s stock price is in focus after Jefferies maintained a ‘buy’ rating but cut its target price to ₹1,080, implying a 15.51% upside from the current market price (CMP) of ₹935.00.
The brokerage noted that RBI’s approval of only a one-year CEO extension, instead of the requested three years, could trigger a succession process. Jefferies believes the bank will likely present multiple candidates for the role, with Deputy CEO & CFO Arun Khurana seen as a potential frontrunner. However, until leadership clarity emerges and stability returns in MFI and auto loans, the stock is expected to remain rangebound. Despite this, Jefferies finds valuations attractive at 1x FY26 price-to-book.
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