INDUSINDBK

IndusInd Bank shares fall to a 52-week low after multiple analyst downgrades, price target cuts

Shares of Mumbai-based private lender IndusInd Bank Ltd. fell to a 52-week low after declining as much as 5% in trade on Monday, March 10, after multiple analysts downgraded the stock and cut its price targets as well. This, after the Reserve Bank of India approved a one-year extension for its incumbent CEO Sumant Kathpalia.