Indusind Bank shares recorded a huge jump on Tuesday. The bank’s stock saw an increase of about 5%, which gave relief to investors after recent months. The major reason for this boom has been the appointment of the bank’s new managing director and CEO (CEO), which has been approved by the Reserve Bank of India (RBI).
Rajiv Anand has been appointed as the new CEO of Indusind Bank for a three -year term. This term will start from August 25, although the approval of shareholders to finalize it is yet to be approved. Anand was earlier working as Deputy Managing Director in Axis Bank and has a long experience in the banking sector.
Leadership change is being considered a big initiative
The bank chairman Sunil Mehta has described this change as an important step for the future of the institute. He said, “On behalf of the board, we congratulate Rajiv Anand on making the MD and CEO of Indusind Bank. We are committed to take the bank forward towards strong, transparent and permanent development with him.”
This change in the high management of the bank has happened at a time when the recent quarterly investor calls expressed concerns about leadership. Now this new leadership is expected that the bank will improve its functioning and strategy.
Brokerage firm Jefferies confident
The global brokerage firm Jeferies has retained its ‘Buy’ rating on Indusind Bank’s stock. The firm has set a target price of ₹ 783.70, which shows a possible lead of about 17% from the current level.
According to Jefferies report, “This appointment is a very positive sign for Indusind Bank, given the experience of Rajiv Anand as Deputy Managing Director in Axis Bank.” The report also said that after this change, restructuring in the top leadership of the bank is possible and new appointments can also be seen from other banks.
Brokerage believes that in the next development phase of the bank, focus fees will be on income, asset quality and operational efficiency.
Share is still under pressure
Even though the stock has gained momentum on Tuesday, but if we talk about the long term, then the shares of Indusind Bank are still under pressure. The stock has fallen by 15% since the beginning of 2025, while it has seen a fall of 22% in the last six months. Even in the last one month, there has been a weakness of 4%.
Stock touched a high level of ₹ 837 on BSE, while on NSE it was last seen trading around ₹ 842.20. The bank’s current market cap is close to ₹ 64,130 crore. In the last 52 weeks, the stock has touched a high level of ₹ 1,498 and a low of ₹ 606.
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