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India's IndusInd Bank gains on Q2 profit

By Reuters News

** Shares of India's IndusInd Bank INBK.NS rise 2% to 851.90 rupees

** Private lender reports Q2 net profit of 11.76 billion rupees ($123.87 million), compared to a net loss of 4.45 billion rupees a year earlier

** ICICI Securities upgrades stock to "buy" from "hold", keeps target price unchanged at 1,020 rupees

** Brokerage says co's Q2 profit after tax beat its estimate, helped by strong fee and trading income

** Stock rated "buy" on average by 36 analysts; median PT is 1,000 rupees - LSEG-compiled data

** Stock down 1.4% YTD




($1 = 94.9400 Indian rupees)

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