IndusInd Bank Shares Jump 3% On Re-Appointment Of Sumant Kathpalia As Chief

On the BSE at 10.31 am, IndusInd Bank share was trading 2.71 per cent higher at Rs 1228.45. Earlier, the scrip surged to a high of Rs 1238.15.

The share price of IndusInd Bank surged by around three per cent on Friday after the re-appointment of Sumant Kathpalia as managing director (MD) and chief executive officer (CEO) of the company.

On the BSE at 10.31 am, IndusInd Bank share was trading 2.71 per cent higher at Rs 1228.45. Earlier, the scrip surged to a high of Rs 1238.15.

IndusInd Bank shares witnessed good buying support despite general weakness in the market.

The Indian equities markets' key indices, Sensex and Nifty, were trading with a loss of more than 1 per cent.