IndusInd Bank Share Jumps Over 3% to ₹819.55 in Early Trade; Strong Buying Ahead of Results
IndusInd Bank share rallied over 3% to ₹819.55 in early trade on April 21, driven by strong institutional buying and pre-earnings optimism.
Key Highlights:
IndusInd Bank Share Rallies to ₹819.55, Up 3.13% in Early Trade on April 21
IndusInd Bank Share rose sharply in early trade on April 21, gaining ₹24.85 or 3.13% to trade at ₹819.55 as of 9:43 AM IST. The stock opened at ₹802 and hit a high of ₹823, showing strong buying momentum ahead of its Q4 FY24 results, expected later this week.
The move marks one of the biggest intraday percentage gains among private sector banks in the morning session.
IndusInd Bank Share Snapshot – April 21
| Parameter | Value |
|---|---|
| Current Price | ₹819.55 |
| Day’s High | ₹823.00 |
| Day’s Low | ₹798.35 |
| Previous Close | ₹794.70 |
| Market Cap | ₹63,850 Cr |
| P/E Ratio | 8.81 |
| Dividend Yield | 2.01% |
| 52-Week High | ₹1,550.00 |
| 52-Week Low | ₹606.00 |
What’s Driving IndusInd Bank Share Today?
- Strong pre-result sentiment as analysts anticipate healthy loan growth and margin stability.
- Bargain buying after recent underperformance in comparison to peers like ICICI and Axis.
- Expectation of an improvement in asset quality, especially in retail and SME portfolios.
- Rising hopes of a capital raise or business expansion update during the earnings call.
Private Bank Performance – April 21 Morning Trade
| Bank | Price (₹) | Change (%) |
|---|---|---|
| IndusInd Bank | 819.55 | +3.13% |
| ICICI Bank | 1,421.40 | +1.05% |
| HDFC Bank | 1,944.90 | +2.00% |
| Axis Bank | 1,134.75 | +0.42% |
| Kotak Bank | 1,741.10 | +0.25% |
IndusInd Bank outperformed all private peers, becoming the top gainer in the space by 9:45 AM.
Technical View – Key Levels for IndusInd Bank Share
| Level Type | Price (₹) |
|---|---|
| Immediate Support | 805.00 |
| Strong Support | 790.00 |
| Resistance Zone | 825.00 / 840.00 |
| Breakout Target | 860.00 |
If the stock sustains above ₹825, analysts expect momentum to carry toward ₹860–₹880, provided volumes hold.
What Analysts Expect from Q4 Earnings
- Motilal Oswal: “Expect healthy 18–20% loan growth with improving retail traction.”
- Axis Securities: “Margins should remain above 4.2%. Focus on asset quality improvement.”
- Jefferies: “Maintain ‘Buy’. Valuations attractive. TP ₹950.”
Final Word on IndusInd Bank Share Today
IndusInd Bank share witnessed strong early buying amid optimism around Q4 performance. With broader private banks in focus and sentiment improving, traders may look at ₹825 as the key breakout level. Investors awaiting confirmation may enter on dips closer to support at ₹805–₹790.
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