Archive · 18 Sep 2025
Antique Cuts IndusInd Bank Target Price on Muted Earnings
Antique Stock Broking believes IndusInd Bank's earnings will be lower in the future.
They talked to the bank's investor relations head.
Because of this, they lowered their target price, meaning they think the bank's shares are worth less.
They expect slower loan growth and pressure on deposits.
The bank is restarting some loans but is being careful.
Provisions will likely increase in the next few years.
The brokerage is also keeping a watch on the MFI assets and Bihar elections.
The brokerage expects credit card slippages to normalize in two or three quarters.
Antique Stock Broking cut the target price of IndusInd Bank by 17% to Rs 820.
FY26 loan growth is expected to be muted.
MFI de-growth expected in 2Q with stabilization later.
Margins are expected to be around +/-10 bps versus 1QFY26 levels.
FY26 and FY27 profit after tax (PAT) will likely be impacted.
- Who
- Antique Stock Broking
- What
- Cut the target price of IndusInd Bank
- When
- Thursday
- Where
- N/A
- Why
- Due to likely muted FY26 earnings.
- Target Price Reduction
- 17% to Rs 820 from Rs 985
- Current Trading Price
- Rs 739 (flat)
- Brokerage
- Antique Stock Broking
- Recommendation
- Hold
- FY26 Loan Growth Forecast
- Flattish to 1% YoY
- Provisioning in FY26
- Accelerated