INDUSINDBK

From Accounting Scandal to 52-Week High | IndusInd Bank

GIFT Nifty was up 167 points at 24,619 this morning, hinting at a positive start for Monday's session, with investor sentiment improving on renewed US-Iran diplomatic talks and a strong Q1 FY27 earnings season driving confidence. In that backdrop, one stock stands out for a reason that goes well beyond the current earnings cycle. Just twelve months ago, IndusInd Bank was in crisis mode — an accounting discrepancy in its derivatives book had wiped out billions in market cap overnight. The 52-week low of Rs 710.60 captures the depth of that fall. Today, the stock trades near Rs 1,013 — up 50.48 per cent from that low — in what management has described as a clear inflection point in the bank's recovery trajectory. The Q1 FY27 numbers validate that language. Net profit on a consolidated basis rose 71.68 per cent year on year to Rs 1,037 crore, net interest margin expanded to 3.57 per cent from 3.46 per cent a year ago, and pre-provision operating profit rose 8 per cent to Rs 2,773 crore. GNPA improved to 3.25 per cent and NNPA fell to 0.95 per cent — with management targeting a further reduction to 0.6 per cent over the medium term. The loan book stands at Rs 3.26 lakh crore, deposits at Rs 4.15 lakh crore, and 42 million customers are now served across 9,413 touch points. IndusInd Bank was the top Nifty gainer on Friday, rising 1.67 per cent — making it Monday's first watch point as markets open firm. The question the street is now debating: has the re-rating run its course near the 52-week high, or is this the beginning of a longer recovery trade?