IndusInd Bank's shares plummeted 19 per cent on Friday in the worst fall in over four years. The crash came a day after the bank reported a 40 per cent year-on-year (Y-o-Y) fall in its Q2FY25 consolidated net profit at ₹1,325.45 crore.
The private sector lender's market capitalisation eroded by ₹18,500 crore to ₹81,136 crore on Friday, with the stock closing at ₹1,042—the lowest level in over 19 months. Shares of IndusInd Bank are down 28 per cent so far this month. Following the decline, the bank has dropped from the league of 10 most-valued lenders in terms of market capitalisation and slipped to 12.
Bu hikaye Business Standard dergisinin October 26, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin October 26, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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