IndusInd Bank is managing the turbulence caused by Covid second wave: Why it's stock pick of the week

Banks have reported fabulous y-o-y growth during the fourth quarter of 2020-21 due to the low base effect. IndusInd Bank with a y-o-y net profit growth of 190% also lived up to the street expectations. Like other banks, IndusInd is also getting impacted due to street’s worry about possible asset quality deterioration in the coming quarters due to the second Covid wave. However, analysts continue to be bullish on this counter for several reasons