IndusInd Bank stock draws an INR 1,250 Jefferies target

Published on 09/30/2026 at 20:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

IndusInd Bank stock posted INR 10.37 billion in Q1 FY27 profit, up 72 percent year over year. Jefferies set an INR 1,250 target on September 30, 2026.

IndusInd Bank, INE095A01012, Illustration mit AI erstellt.

IndusInd Bank stock is backed by a Jefferies target of INR 1,250, while the bank's consolidated profit reached INR 10.37 billion in Q1 FY27. ET Now reported on September 30, 2026, that Jefferies maintained a Buy rating and the INR 1,250 target.

Profit recovery gains scale

Economic Times reported on September 6, 2026, that consolidated profit after tax rose 72 percent from INR 6.04 billion in Q1 FY26 to INR 10.37 billion in Q1 FY27. The comparison gives the stock a tangible earnings recovery angle, although one quarter does not establish a full turnaround.

Revenue reached INR 113.10 billion in Q1 FY27, up 2.80 percent quarter over quarter, while operating profit increased to INR 27.73 billion from INR 22.95 billion in the prior quarter, according to StockFin on September 28, 2026.

Insurance income remains a risk

The earnings recovery faces a specific counterweight. Business Today reported on September 29, 2026, that Jefferies estimated a 30 percent reduction in bancassurance fee income could reduce profit by 5 percent. Jefferies also linked its target to 1.30 times September 2028 book value and assumed a 20 percent compound annual growth rate in bancassurance fees through fiscal year 2028.

NSE valuation stays below yearly high

IndusInd Bank was last at INR 901.40 on NSE on September 30, 2026 at 3:15 p.m. IST, up 2.67 percent from INR 878.00. Its market capitalization was INR 702.3 billion, while the 52-week range stood at INR 726.00 to INR 1,077.85 on the same date.