Indusind Bank: Hinduja Group May Need to Pledge More Shares

⚠️ Macquarie Capital warns that Hinduja Group may need to pledge up to 80% of its

holdings if the stock falls below ₹600. The stock has dropped over 50% in six months, closing at ₹684.70. Recent accounting discrepancies in the bank's derivatives portfolio could impact its balance sheet by ₹1,600 crore.