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Bear Trap Builds as RBI Soothes IndusInd Fears
Hindustan Times Jaipur
|March 17, 2025
IndusInd Bank shares have plunged 57% from their 52-week high on 8 April 2024
MUMBAI: IndusInd Bank's beaten-down shares may be prime for a rebound, for now, as the central bank's weekend assurance revives investor confidence, sparking a scramble for its shares.
The bears who stormed the bank's derivatives counter last week may find themselves trapped even as wealthy investors move in, analysts said. As share price rises on fresh buying, bears may rush to cover their short bets, triggering a rally as the market opens on Monday.
Diese Geschichte stammt aus der March 17, 2025-Ausgabe von Hindustan Times Jaipur.
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