IndusInd Bank shares fell sharply in early trade on Thursday, dropping as much as 4.7% to ₹1,019.65 on the BSE, despite the private lender reporting a robust 47% year-on-year jump in standalone net profit for the fiscal first quarter ended June 2026.
The market’s negative reaction underscores a growing investor skepticism toward earnings driven primarily by lower provisions rather than organic revenue growth.
HDFC Bank shares have tumbled more than 7% over two sessions, wiping out nearly ₹90,000 crore in market capitalization amid deteriorating profitability metrics.
While the bank reported net profit of ₹1,003 crore, the surge was largely supported by a fall in provisions, a factor that traders appear to be discounting as less sustainable than top-line expansion.
This sell-off mirrors broader pressure across Indian banking equities.
HDFC Bank shares have tumbled more than 7% over two sessions, wiping out nearly ₹90,000 crore in market capitalization amid deteriorating profitability metrics.
Similarly, IDFC First Bank saw its three-day winning streak snapped as selling pressure intensified across the sector.