IndusInd Bank's stock could rebound after investigations

IndusInd Bank has been facing tough times recently. The stock market for the bank is down, and it dropped 30% in March alone. It is the only stock in the futures and options segment that is currently losing. Sudip Bandyopadhyay, the Group Chairman of Inditrade Capital, spoke on Business Today TV to address concerns from long-term investors. He reassured viewers that the bank is still strong and has no major issues with its finances or asset quality. He noted that the current valuation of the bank is approximately 0.7 times its book value for the financial year 2027, which is cheaper than many other banks. There is uncertainty about ongoing reviews and a possible forensic audit related to a reported loss of ₹1,500 crore. However, Bandyopadhyay pointed out that even if this loss is confirmed, it is only about one quarter's worth of profit. He also mentioned that the bank’s promoters are ready to provide support if the bank needs more capital. While it is unclear when the stock will recover its previous value, Bandyopadhyay encouraged aggressive investors to consider buying shares now due to the attractive low valuation. He believes that once the investigations are complete, IndusInd's stock price is likely to rise again, as it cannot stay at such a low value for long.