IndusInd Bank Stock Hits 52-Week Low: Target Price and What’s Next?

IndusInd Bank Stock Hits 52-Week Low: Target Price and What’s Next?

IndusInd Bank's stock price dropped to a 52-week low on Monday, falling by as much as 5% after several brokerages downgraded the stock. The decline came after the Reserve Bank of India (RBI) approved only a one-year extension for CEO Sumant Kathpalia, despite the board's recommendation for a three-year term.

Analysts believe that this short extension has raised concerns about the bank’s long-term strategy, adding uncertainty. Elara Research stated that the private lender is going through a period of instability, making consistency hard to achieve. UBS has cut its earnings per share (EPS) estimates for FY26-27 by 10.5%, citing a lack of strategic direction and reduced growth potential, which could lead to further de-rating.

Bank of America (BofA) has taken a stronger stance, downgrading the stock from "buy" to "underperform" and reducing its price target from Rs 1,250 to Rs 850. The firm anticipates it may take 12-18 months for clarity on leadership and strategy, making a stock re-rating unlikely in the near term.

Jefferies also lowered its price target from Rs 1,200 to Rs 1,080 but maintained a “buy” rating. It expects the stock to remain range-bound until there is more clarity on the bank’s leadership succession, with a focus on stability in the microfinance and auto loan segments being crucial for recovery.

Citi, however, remains optimistic, maintaining its “buy” rating with a target price of Rs 1,375. Despite the concerns around leadership and strategy, Citi believes the stock has potential upside.

Out of the 51 analysts covering the stock, 30 recommend a "buy," 15 suggest "hold," and six advise selling. The consensus target price suggests a potential 24% upside.

At the start of trading, IndusInd Bank shares were down 4.5%, hitting a 52-week low of Rs 897.1. The stock has fallen more than 40% from its recent peak of Rs 1,576.

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