Overview

• Shares dipped 3.45% intraday to a low of Rs 849 on the BSE following Goldman Sachs’ downgrade from Neutral to Sell
• Goldman Sachs cut its EPS forecasts by 25% for FY26 and 17% for FY27 and set a target price near Rs 700, implying over 20% downside
• The brokerage labeled IndusInd a “weak franchise” with limited growth prospects and lower expected return ratios
• IndusInd has submitted a shortlist of three candidates—Rajiv Anand, Rahul Shukla and Anup Saha—to the RBI for approval as its next CEO
• Other brokers including Kotak and Antique have trimmed price targets to between Rs 800 and Rs 880 amid lingering governance and asset-quality concerns