INDUSINDBK

shares turn volatile, Citi maintains ‘Sell’ after CEO meet - Check target

The brokerage maintained a 'Sell' call with a target price of Rs 800 IndusInd outlines 3-phase strategy: Right-size → Rebuild → Re-accelerate Targets system-level loan growth by FY27 exit Aims market share gains across retail & SME by FY28–29 No immediate equity raise; capital position is comfortable Return on Assets target at 1 per cent by FY27, scaling to 1.5 per cent long-term Near-term growth hit by MFI write-offs, wholesale recalibration NNPA seen falling to 0.6–0.7 per cent in next 2–3 quarters