IndusInd Bank Shares Drops 18% as Profit Misses Expectations
IndusInd Bank’s shares fell over 18% to Rs 1,043.30 on Friday after the bank reported a 39% decline in profit compared to the same quarter the previous year, with this quarter’s profit at Rs 1,325 crore. This result fell short of what analysts had anticipated, as they had estimated the profit to be around Rs…