Shares of IndusInd Bank fell 1% in intraday trade on Wednesday with street estimates mixed for the private sector bank's Q3 earnings.
We expect the NII and pre-provision operating profit to be up 18.4% and 12%, respectively. However, PAT may be under pressure and is likely to see a massive drop of 60%, owing to high provisions. Read more.
Margins are likely to remain flat due to interest reversals on the IL&FS exposure negating the increases in MCLR.
IndusInd Bank Ltd is currently trading at Rs1,567.50 down by Rs10.1 or 0.64% from its previous closing of Rs1,577.60 on the BSE.
The scrip opened at Rs1,570.10 and has touched a high and low of Rs1,590.40 and Rs1,558.50 respectively. So far 13,83,109 (NSE+BSE) shares were traded on the counter.