IndusInd Bank shares tank 20% after another round of downgrades; stock halves from peak
IndusInd Bank shares tank 20% after another round of downgrades; stock halves from peak This is the biggest single day fall for shares of IndusInd Bank since March 2020. With this fall, the stock has declined to its lowest level since November 2020. Shares of Mumbai-based private lender IndusInd Bank Ltd . fell 20% on Tuesday, after more analysts who have coverage on the lender have issued downgrades and cut their price target on the stock. This, after the bank informed the exchanges of another negative development on Monday, March 10. Share Market NSE View All Top Gainers Top Losers Most Active Price Shockers Volume Shockers Company Value Change %Change Consolidated Finvest and Holdings ₹197.34 24.11 13.92 Lypsa Gems and Jewellery ₹8.20 0.87 11.87 Nitiraj Engineers ₹391.55 25.35 6.92 Centum Electronics ₹1283.65 78.85 6.54 Premier Polyfilm ₹64.94 3.98 6.53 IndusInd Bank , after market closing on Monday, informed the exchanges that it has noted discrepancies during its detai...