Should you buy, sell or hold IndusInd Bank after better than estimated Q4 earnings?

IndusInd Bank’s standalone net profit rose 50% to Rs 2,040 crore for the fourth quarter ended March 2023. It was Rs 1,361 crore in the same period last year. The profit beat the estimate of ET Now Poll, which expected the figure to be around Rs 2,000 crore. The net interest income (NII) of the lender came in at Rs 4,669 crore for the quarter under review, which is up 17%, compared with Rs 3,985 crore in the corresponding quarter of last year.