By Bharath Rajeswaran (Reuters) -Indian shares slipped on Friday, eyeing fourth straight week of losses, dragged down by a drop in private lender IndusInd Bank and power company NTPC on disappointing quarterly results.

IndusInd Bank Stocks Today, Indusind Bank Share Price Live Today 25024: IndusInd shares in focus. The private sector lender IndusInd Bank on Thursday reported a sharp 40 per cent year-on-year (y-o-y) and 39 per cent quarter-on-quarter (q-o-q) fall in its Q2FY25 consolidated net profit at ₹ 1,

Brokerages have mostly maintained ‘BUY’ call on IndusInd Bank, but slashed target price to up to ₹1,290 per share.

Shares of India's IndusInd Bank slid 10% in early trade on Friday, a day after the private lender said it would not meet its full-year loan growth forecast after an unexpected drop in second-quarter profit due to stress in microfinance loans.

Shares of IndusInd bank cracked by 15 per cent, hitting the lower circuit after reporting poor Q2 results. On Thursday, October 24, the private sector lender IndusInd Bank announced its results for the quarter ended September 2024 reporting a 39% YoY drop in its net profit that stood at Rs 1,

IndusInd Bank shares fell 15% to ₹1,088, a 52-week low, after disappointing Q2 results. Analysts lowered target prices, with Motilal Oswal at ₹1,500 and Nuvama at ₹1,290, citing weak earnings and deteriorating asset quality.

India's IndusInd Bank on Thursday reported a surprise 39% fall in second-quarter profit weighed down by higher provisions for bad loans and shrinking lending margins. The private lender posted a net profit of 13.

India's IndusInd bank reported an unexpected drop in second-quarter profit on Thursday due to stress in microfinance loans, which led to higher provisions, lower asset quality and narrow lending margins.