IndusInd Bank shares crash to 52-week low! Brokerages downgrade stock outlook – here’s what investors should know | India Business News – The Times of India
Multiple brokerages have reduced their ratings and price targets. IndusInd Bank’s shares dropped 20% on Tuesday, reaching a new 52-week low of Rs 720.50. Multiple brokerages have reduced their ratings and price targets following the discovery of accounting irregularities in the bank’s forex derivatives portfolio. On the BSE, IndusInd Bank’s shares plunged 22.8 per cent,…