IndusInd Bank Falls Nearly 3% After Goldman Sachs Downgrades To 'Sell'; Check Target Price
IndusInd Bank share price dropped nearly 3% intraday following global brokerage Goldman Sachs' downgrade; Check latest target price
IndusInd Bank Share Price Today
IndusInd Bank share price dropped nearly 3 per cent intraday following global brokerage Goldman Sachs' downgrade to 'sell'.
Goldman Sachs said the bank has become a 'weak franchise" and will see weak growth ahead. It also predicts weak return ratios in the coming financial years and has cut EPS estimates by 25 per cent for FY26 and 17 per cent for FY27.
Goldman Sachs has set a target price of Rs 700 on the stock, suggesting 20.3 per cent downside from current levels.
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