IndusInd Bank soars on Nomura upgrade; analyst sees fresh upside
IndusInd Bank jumped over 4% after Nomura upgraded the stock to Buy with a ₹1,050 target, citing better RoA and resolved legacy issues. Analyst Manish Kushwaha sees a breakout if it crosses ₹855, with bullish momentum building. He pegs targets at ₹960 to 1,100. The stock is forming a bullish triangle, with RSI still below overbought.