IndusInd Bank Q2FY27 Profit Beats Nomura Forecast
IndusInd Bank reported profit after tax of Rs 12.4 billion, 32% above Nomura’s forecast. Nomura raised its FY27 and FY28 EPS estimates by 16% and 7%, retained its Buy rating and lowered its target price to Rs 1,060 from Rs 1,145.
Nomura has raised its FY27 and FY28 earnings-per-share estimates for IndusInd Bank by 16% and 7%, respectively, after Q2FY27 profit beat its forecast. It has retained its Buy rating but lowered the target price to Rs 1,060 from Rs 1,145.The bank reported profit after tax of Rs 12.4 billion, 32% abo…