ICICI Securities downgrade IndusInd Bank to REDUCE (from Buy) with a revised TP of INR 850 (INR 1,350) We believe the board could begin considering an MD & CEO succession plan, which may include external candidates as well. We see heightened uncertainty in the near term on possible kitchen sinking, and probable names of MD&CEO candidate. Risks: Better-than-expected growth; and seamless management transition. Buy Eicher Motors; target of Rs 5665: Geojit Financial Services. Buy Jyothy Labs; targets of Rs 395: Geojiit Financial services. Buy Indusind Bank -10032025 – icici.com.Reduce Trade Watchlist Portfolio Message Set Alert live bselive nselive Volume Todays L/H More × ICICi Securities research report on Indus Ind Bank. Click here for all recommendations report, click here for the full report. The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management.