The 200-DEMA of IndusInd Bank on the daily chart is currently at Rs 875 and it is witnessing a gradual recovery after finding strong support near the Rs 760-780 zone.
IIFL Securities said the government has announced ECLGS 5.0 in May to tide over the challenges from the West Asia conflict.
The valuation premium of mid-private banks versus larger private banks has risen sharply and Elara said it would rather be selective in its approach. Within PSU banks, it prefers State Bank of India and Bank of Baroda.
The private lender, which faced accounting discrepancies in the past, recently issued a clarification over a news report titled "whistleblower complaint to PMO, RBI".
IndusInd Bank shares fell 2.75 per cent to hit a low of Rs 887.10 on BSE. With this, the private lender has erased its 2026 gains.
ICICI Bank Ltd is MOFSL's top banking stock pick, followed by HDFC Bank Ltd, State Bank of India (SBI) and AU Small Finance Bank (AFB).
Antique said its pecking order within larger private banks are HDFC Bank, ICICI Bank and Axis Bank. Within PSUs, it likes SBI. Within smaller private players, it prefers Ujjivan SFB, Bandhan and FB.
IndusInd Bank has recently issued a clarification over a news report titled, "SEBI summons IndusInd Bank Company Secretary in insider trading case by former top official in client companies."
Axis Bank Ltd, HDFC Bank Ltd, Bank of India, Bank of Maharashtra (BOM) and Federal Bank received 'Buy' ratings. IndusInd Bank and Indian Bank are two 'Hold' calls.
IndusInd Bank shares rose 6.12 per cent to hit a high of Rs 899.90 on NSE. RBL Bank shares fell 4.76 per cent to Rs 306.10. Axis Bank declined 4.83 per cent to Rs 1,299.90 apiece.
HDFC Securities, the sixth-largest Indian broker in terms of active clients in FY26, said IndusInd Bank's Q4 results beat its estimates on the back of lower-than-expected provisioning,




