January 11, 2017 / 4:37 AM / 7 months ago

BUZZ-India's IndusInd Bank hits 2-mth high; Jefferies raises PT

** IndusInd Bank's shares rise as much as 4.64 pct to highest in two months

** Bank said on Tuesday Dec-qtr net profit rose by about 29 pct to 7.51 bln rupees ($110.02 million)

** Dec-qtr net interest margin stable at 4 pct

** Analysts at Jefferies raise PT to 1,030 rupees from 980 rupees, factoring in better loan growth and NIM

** Bank seems to have escaped pains owing to demonetisation - Jefferies analysts ($1 = 68.2599 Indian rupees)

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