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IndusInd Bank's Profit Rises, Poonawalla Fincorp's Revenue Surges— Earnings Wrap

IndusInd Bank Ltd.’s third-quarter profit rose, in line with analysts' estimates, due to rise in income on investments.

The private lender's net profit increased 17.2% year-on-year to Rs 2,301 crore in the October–December quarter, according to an exchange filing. Analysts polled by Bloomberg estimated a net profit of Rs 2,277 crore for the quarter.

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Poonawalla Fincorp stocks: Buy Poonawalla Fincorp, target price Rs 450: Axis Securities

Poonawalla Fincorp, incorporated in the year 1978, is a Small Cap company (having a market cap of Rs 30909.90 Crore) operating in NBFC sector.

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