IndusInd Bank stock hits Rs 1 lakh crore market cap after 3 years

IndusInd Bank’s market capitalisation crossed Rs 1 lakh crore, its highest in three years, as its shares hit a 52-week high of Rs 1,295. The bank’s stock has rallied approximately 44% over the past year. It is the sixth Indian bank to be valued at over Rs 1 lakh crore. IndusInd Bank has seen improvements in its return on equity and return on assets over the past two years, with a consistently growing quarterly net profit and profit margin YoY.