ICICI Securities: IndusInd Bank (IIB) has communicated a preliminary one-time hit of ~2.35% of net-worth on its derivative portfolio. The hit is likely to be routed through P&L in Q4FY25, which in our view, could severely dent reported profitability. We believe the discrepancies reflect poorly on internal control. We maintain our recently downgraded rating on IIB at REDUCE. Our TP of INR 850 remains unchanged, valuing the stock at ~0.9x FY26E ABV. For all recommendations report, click here. 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. Moneycontrol. com advises users to check with certified experts before taking any investment decisions. Indusind Bank -11032025 – icici.com. Buy Jyothy Labs; target of Rs 395: Geojit Financial Services Indus Ind Bank loses nearly Rs 80,000-crore m-cap from Jan 2024 peak; stock down 55% in 1 year: Key f…