IndusInd Bank stock tanks 23%; hits 52-week low
The Hindu
IndusInd Bank shares plummet 23% due to derivatives portfolio discrepancies, impacting net worth by ₹1,500 crore.
Falling for the fifth straight day, shares of IndusInd Bank tanked 23% in the morning trade on Tuesday (March 11, 2025) after the private sector lender reported some discrepancies in its derivatives portfolio.
On the BSE, the stock of IndusInd Bank slumped 22.8% to hit the lower circuit at ₹695.25 per piece, also its 52-week low.
The scrip of the company plummeted 21.67% to hit a 52-week low of ₹705.35 apiece, on the National Stock Exchange (NSE).
The stock emerged as the major laggard on the 30-share BSE Sensex.
The market benchmark indices are trading in the red zone, with the BSE Sensex declining by 255 points or 0.34% to 73,860.17. The Nifty of NSE fell by 47.65 points or 0.21% to 22,412.65.
In a regulatory filing on Monday (March 10, 2025), IndusInd Bank said that during an internal review of processes relating to the derivatives portfolio, it noted some discrepancies in the account balances.
Mumbai-based IndusInd Bank’s detailed internal review has estimated an adverse impact of approximately 2.35% of bank’s net worth as of December 2024, the company said in a statement.
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