IndusInd Bank share target price Rs 600 or Rs 1,210? Brokerages clash as fraud, losses trigger confusion

IndusInd Bank is facing a potential credibility crisis after reporting a net loss of ₹2,329 crore—its first in 20 years—and revealing a suspected internal fraud of ₹172.58 crore that had been misclassified as fee income over three quarters. The stock is under pressure, with multiple brokerages issuing downgrades and slashing target prices.