IndusInd Bank’s stock price is in focus as Citi maintains a ‘buy’ rating, with a target price of ₹1,378, indicating a 47.38% upside from the current market price (CMP) of ₹935.00.
Citi highlights that RBI’s approval of only a one-year extension for the MD & CEO, instead of the three-year term recommended by the Board, signals regulatory discomfort or a lack of full confidence in leadership. The brokerage sees uncertainty surrounding the CEO’s continuity beyond this term as a key concern for investors.
The Board had submitted only one name for RBI’s approval, suggesting that the regulator may be giving the bank time to explore alternatives. Citi notes that the critical questions for the next year will be who will lead the bank and what strategic direction it will take. Despite these concerns, Citi believes the stock offers significant upside potential at current valuations.
Disclaimer: The views and investment recommendations in this article are sourced from brokerage reports. Business Upturn does not provide investment advice. Readers should consult financial experts before making any investment decisions.
