IndusInd Bank jumps on CEO appointment, top gainer on Nifty 50

Indusind Bank

05/08/2025 05:13

** Shares of IndusInd Bank INBK.NS jump 4.8% to 842 rupees, top gainer on benchmark Nifty 50 .NSEI, which is down 0.2%

** On Monday, INBK named Rajiv Anand as its CEO

** Jefferies and Emkay Research see Anand's appointment as a "key positive" for INBK

** Emkay says Anand faces a tough task rebuilding leadership, fixing asset mix, and restoring trust before a turnaround can begin

** Clarity on the long-term strategic direction may take some more time - Emkay

** Driving stability, turning around bank's return on assets (RoA) will be key, says Citi

** Analysts tracking stock rate it "sell" rating on avg; median PT is 750 rupees - data compiled by LSEG

** Stock has lost ~16% YTD, while Nifty Bank .NSEBANK is up ~9%

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))