Embarrassingly, IndusInd Bank is in our model portfolio; too late to sell: Emkay Global

The derivatives loss is a setback to management credibility, noted Emkay.
IndusInd Bank is, embarrassingly, in our model portfolio and a top pick for CY25. The derivatives loss, though a one-off, is a setback to management credibility, said domestic brokerage Emkay Global in its mid-week report. However, the brokerage is maintaining the shares of the lender in its portfolio, as it is ‘too late to sell’.

The brokerage is referring to the meltdown seen in IndusInd Bank’s stock price, as a result of discrepancies found in its derivatives portfolio.

Barring a near-term dead-cat bounce, IndusInd Bank’s stock will mark time until the new CEO is announced, said Emkay Global.

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