IndusInd Bank shares in focus after Q2 results. Why Jefferies cut target despite lender swinging to profit

IndusInd Bank shares will be in focus after the lender reported a Q2 FY27 net profit of Rs 1,176 crore, reversing a year-ago loss of Rs 445 crore. Improved asset quality, lower provisions and stronger fee income supported the performance. Jefferies retained its ‘Buy’ rating but cut its target price…

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