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IndusInd Bank Ltd’s shares fell 10% on Tuesday following a report that the bank discovered discrepancies in its derivative portfolio
IndusInd Bank Share
IndusInd Bank Ltd’s shares fell 10% on Tuesday following a report that the bank discovered discrepancies in its derivative portfolio during an internal review. The detailed review revealed an estimated adverse impact of around 2.35% on the bank’s net worth as of December 2024, equating to a potential hit of Rs 1,530 crore. The bank’s net worth stood at Rs 65,102 crore at the end of December 2024.
In the previous session, the stock dropped 3.86% to close at Rs 900, hitting a 52-week low of Rs 886.40 on the BSE. A total of 4.49 lakh shares traded, amounting to a turnover of Rs 40.47 crore. The bank’s market capitalization fell to Rs 70,161 crore, with its shares trading below the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, and 200-day moving averages.
