IndusInd Bank shares surge over 3% today: Details here

IndusInd Bank Ltd emerged as one of the top gainers on the Nifty 50 index on Monday, January 13, following the release of its December shareholding pattern.

Key Highlights:

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  • Foreign Room Increase: The bank’s foreign room (FR) has risen to 37%, as per the December shareholding pattern. In its September report, the bank narrowly missed the MSCI full weight threshold of 25% by five basis points.
  • MSCI Weightage Adjustment: Based on the updated shareholding, MSCI is expected to raise IndusInd Bank’s weightage to 44 basis points from the current 22 basis points.
  • Anticipated Inflows: Analysts have forecast potential inflows averaging $225 million into the lender’s shares during MSCI’s upcoming review. According to Nuvama Alternative and Quantitative Research, inflows could range between $250 million to $300 million.
  • Rebalancing Date: Any rebalancing and inflows are expected to be adjusted by February 28, in line with MSCI’s review schedule.

IndusInd Bank’s stock gained over 3% today, reflecting optimism among investors regarding the anticipated inflows and increased MSCI weightage.

Indusind Bank Share Price history

Day Open Close Change %
Fri, Jan 10 2025
₹971.75
₹937.60
-4.41%
Thu, Jan 9 2025
₹981.05
₹980.90
-0.02%
Wed, Jan 8 2025
₹985.90
₹981.05
-0.26%
Tue, Jan 7 2025
₹970.15
₹983.60
+1.40%
Mon, Jan 6 2025
₹1,004.95
₹970.05
-2.79%
Fri, Jan 3 2025
₹993.00
₹997.90
+0.66%
Thu, Jan 2 2025
₹975.50
₹991.35
+2.26%
Wed, Jan 1 2025
₹958.60
₹969.40
+0.96%

 

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