New Delhi, May 22 -- Shares of private sector lender IndusInd Bank rebounded from the day's low to trade higher on Thursday, May 22, despite posting a record quarterly loss during the March quarter (Q4) of the financial year 2024-25 (FY25). However, the outlook for the lender remains weak as several brokerages downgraded IndusInd Bank stock post Q4 results and as it reported fresh fraud.

IndusInd Bank share price crashed nearly 6% in the opening trade today to hit the day's low of Rs.725.65 on the BSE. However, the stock erased all losses and traded over 2% higher at Rs.788.35 apiece around 9.45 am to emerge as the best performer in the Nifty 50 index.

Despite this, in 2025 so far, IndusInd Bank stock has tumbled 19% and is down 45% for...