IndusInd Bank shares fall 20% after Q2 profit drop, asset quality deterioration

[SonyTom]

IndusInd Bank's shares plummeted 20% following a 39.5% drop in Q2 net profit and deteriorating asset quality. Analysts attribute this to weak net interest margins, increased credit costs, and higher provisions.

Why posting this old news now?

 

[hender]

Why posting this old news now?

जब जागो तभी सवेरा 😂

 

[dvader]

BTW the external audit was out a few days back and the impact is a bit less than that projected by internal audit. Bank's healthy as of now.

 

[SonyTom]

BTW the external audit was out a few days back and the impact is a bit less than that projected by internal audit. Bank's healthy as of now.

Shares are up almost ₹100 from the lows

 

[hender]

Shares are up almost ₹100 from the lows

170 RS 630 to 800

 

[KGSIPO]

Whatever the people say or price share increase, this bank is definitely doomed due to very poor customer care at all levels, no accountability of employees, typical systems etc

 

[hender]

View attachment 86328I am one of those poor guys 😢, And I lost almost 68000X2= 136000 in this single stock (me and my siblings' account).

Ab soch raha hoon ki adha capital hi bacha loon.

Aur ek cheez ki seekh mujhe aj bohot acchi tarah se mili, ki mein gadha hoon aur kabhi direct stock investing nehi karunga.
From today, I will only focus on diversified mutual funds

Now, I need a suggestion from the experts here, should I exit from this stock now? I don't need this money now and keep it invested for 10-15 years.
Kya 2-3 saal mein recovery ki koi chances hai ya phir aur 30-50% loss ho sakta hai?

Keep holding, max FII holding. May take sometime, to recover.
Stock can further slide, or stay around this level.
Still advice to take informed decision.
I am not expert or SEBI regd Advisor.
Disc: Previously shareholder, currently not.
Bank I hold currently is 43% down.

Mutual funds have increased their holding ( quarter to quarter).
I will hold this stock, Rest of my portfolio is pretty solid and despite this loss, I am still in profit ( overall).

So, I can bear this loss.
Aggar pura bank doob jaye toh maximum yes bank ki tarah haal hoga. Mera aur 50000X2=100000 ka aur loss hoga.
Jindegi ki ek galti samajh kar seh lenge.

Agar 1-2 saal mein recover ho jaye to abb bechne ke liye aur dukh hoga. Jab bank nifty return dega toh kuch recovery ki umeed rahega, baki jo hoga dekha jayega

720 is the point today, ☝️ where max, High volume positions changes hand in Equity and F&O.

Cash Vol F&O Volume
View attachment 86356

View attachment 86357

Just a month, showing sign of trend reversal.

 

[tharun]

Did you guys hear today's news?
About external audit by ey for small finance loans requested by themselves due to some discrepancies

https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.moneycontrol.com/news/business/markets/indusind-bank-shares-fall-6-on-reports-of-second-audit-into-microfinance-interest-discrepancy-13000479.html/amp&ved=2ahUKEwjQ35XH_OuMAxXCyzgGHYE9IH4QyM8BKAB6BAgOEAE&usg=AOvVaw0__aGCs1pEl-50jEHChuHR

 

[dvader]

Did you guys hear today's news?
About external audit by ey for small finance loans requested by themselves due to some discrepancies

https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.moneycontrol.com/news/business/markets/indusind-bank-shares-fall-6-on-reports-of-second-audit-into-microfinance-interest-discrepancy-13000479.html/amp&ved=2ahUKEwjQ35XH_OuMAxXCyzgGHYE9IH4QyM8BKAB6BAgOEAE&usg=AOvVaw0__aGCs1pEl-50jEHChuHR

MicroFin debacle is not new, I imagined that they would have conducted external audits by now, this is kindda late. They waited for March end to announce this...