Friday, 12 January 2018

IndusInd Bank Rises 1% Post Q3 Show; Brokerages Remain Upbeat

IndusInd Bank’s shares rose over 1 percent intraday on Friday as investors cheered the bank’s positive result trends for the December quarter.

The private sector lender reported nearly 25 percent growth in profit at Rs 936.2 crore for quarter ended December 2017 YoY, which was largely in line with estimates, but asset quality weakened a bit sequentially.

Profit in year-ago quarter had reported at Rs 750.64 crore by the bank. Other income, operating income and NII boosted profitability.

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