20 Feb 2026 | 3 Mins Read
Emkay Global upgrades IndusInd Bank to Buy, sees 17% upside
Flipitmoney
Emkay Global upgraded IndusInd Bank to 'Buy' with a target price of ₹1,100, implying a 17% upside from the current market price. The bank has returned to profitability, guided for credit growth, and aims for a return on assets (RoA) of 1% by FY27, improving to 1.3-1.5% by FY28-29, supported by better balance sheet and operating efficiency.