IndusInd Bank Shares Rise 6% on Buy Rating Upgrade, Target Price Rs 1,050; Defence Stocks Rebound Amid Israel-Iran Tensions

Shares of IndusInd Bank experienced a substantial rally on June 18 and 19, 2025, with prices rising between 3% and 6% during intraday trading. The surge followed a global brokerage firm's upgrade of the stock rating to "buy" and an increase in the target price from Rs 700 to Rs 1,050, signaling a potential 25% upside. On June 19, the bank's shares continued to perform strongly amid broader market movements. Other notable market activities included Aavas Financiers shares rising 2.3% to an intraday high of Rs 1,867.8, defence stocks rebounding amid escalating Israel-Iran tensions with Paras Defence, Mazagon Dock, and Bharat Dynamics Limited (BDL) gaining up to 4%, and Aeroflex stock increasing 16% on high volumes. Landmark Cars reached a four-month high, climbing 15%, while Aegis Logistics shares jumped 5% ahead of its Q4 results and dividend announcement. Defence stocks have shown a marked recovery, with one unnamed defence stock surging 25% over the past week and rising 236% from its 52-week low.