Why is indusind share falling?
IndusInd Bank shares slumped over 10 per cent in trades today amid reports of lapses in governance and accounting norms to allegedly ‘evergreen’ loans running into thousands of crore since the outbreak of Covid-19.
Are banking stocks a good buy now?
Large-cap bank stocks have been strong performers so far in 2021, but analysts say a handful of them have additional upside potential. Investors can buy into this potential ahead of the banks’ third-quarter earnings, which start rolling out Oct. 13 and could spur market interest.
Why did HDFC shares fall?
BENGALURU, July 19 (Reuters) – Indian shares fell on Monday, dragged by HDFC Bank as it missed quarterly profit expectations, with sentiment further dented by broader Asian peers falling in early trade on a renewed coronavirus scare.
What stocks have dropped the most?
Stocks that have lost the most value — US Stock Market
| Ticker No matches | Last | Chg \% |
|---|---|---|
| C CABADCABALETTA BIO, INC. | 3.36USD | −73.14\% |
| G GBIODGENERATION BIO CO. | 5.99USD | −56.91\% |
| PTPIDPETROS PHARMACEUTICALS, INC. | 2.75USD | −30.90\% |
| MESODMESOBLAST LIMITED DR | 4.17USD | −27.60\% |
How much has the IndusInd Bank share price fallen in last one year?
Just to give a perspective, in the last one year, the share price fell by over 86 percent—from Rs 1,684 apiece to Rs 235.60 (52-week low). The shares have recovered to some extent since then and are now trading at Rs 301 apiece. Also Read | Romesh Sobti’s stint at IndusInd Bank comes to an end, Sumanth Kathpalia to take over
Can IndusInd Bank maintain its asset quality during lockdown?
IndusInd bank may find it tough to maintaining its asset quality because of the lockdown. The historical average Price to Earnings Ratio (PE Ratio) of the IndusInd Bank stock is 29.72. While, the current PE ratio is 5.27. The stock has corrected by almost 82\% from its 52-week high since last 1 year.
Is IndusInd Bank’s exposure to IL&FS bad for investors?
One of the factors possibly worrying investors could be the chances of some large accounts turning bad in IndusInd Bank’s corporate book. IndusInd was one of the banks which had significant exposure to IL&FS, of around Rs 3,000 crore.
Is IndusInd’s balance sheet stressed?
Purohit’s view is reflected in the third quarter earnings card of IndusInd. There are no visible stress on the balance sheet. In Q3 FY20, IndusInd reported 2.18 percent gross NPAs or Rs 4,578 crore, which, in percentage terms, is nearly flat on a sequential basis.