For me , Long story in short , in case of Indus Ind Bank stock price , every rise in stock is a shorting opportunity !!!
The stock price appears to have already over-compensated ( > -30%)
for the amount of loss confirmed unofficially.
Also, there appears to be no risk of delinquency,
with bank proactively raising credit to handle any runs.
Thus, once the dust settles,
the stock price is due a growth spurt,
after the external auditor PWC officially publishes their report
confirming the leaked/speculated estimate of losses
and clarifying no further accounting inaccuracies (likely outcome at the moment).
@TIMEFRAME what’s you logic behind shorting the stock now?
- are you expecting the losses to be larger than what has been unofficially declared so far?
- are you expecting other accounting discrepancies to be uncovered in the near future?
- something else?
Also, what instrument(s) did / will you use to short Indus Ind bank stock? For how long? 
Thing is that i don;t trust PWC, many forgotten their malpractices , they had a fight with Reliance group , Just because of PWC being American company , they are able to run their show, 2nd , In my experience once there is a scam or some thing like happens to a company it takes many years to recover and Indusind had this kind of issue earlier also probably around 2005 -06 , but i don’t have the details , i come to know by one of the experienced investor.
By Long covered PUT Options , as long as Indusind being in FNO
You said that about nifty at 22k too. Did you short?
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Nah. Not required. I never ask for screenshots or proof.
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One month old podcast but looks like ET journalists check out Trading QnA and copy the titles for their podcasts
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Lol they did copy my title…
But what bothers me is that i didn’t short IndusInd Bank even though i saw the weakness in price early on…
I had multiple chances to short it…I discussed it with many of my frnds…
A few of them did short it…Later thanked me…Which made frustrated more…
i should have shorted it…
@Barbarik Please avoid using profanity on the forum. Let’s keep it respectful and avoid using such words on the forum.
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The bank will take this one-time hit of Rs 1,979 crore in its March quarter results.
For 9 months they made a NP of 4909. I guess they can take in this additional one time loss.
I wanted buy below 600 but lost iit
Big fpur Consulting Firm by taking consulting fee , eating share holders Pie !!
Financial crimes are often overlooked.
The punishments need to be strict, it shouldnt just be limited to penalties and restitution, but should include longer imprisonment and barring future employment as executive or director in any other company.
If actions have serious consequences, ppl would think twice before engaging in such acts.
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Sacking of the employee is just not eneough, clawback of gain made should be mandatory.
Yeah, if proven guilty, they will be asked to restitute such unlawful gains.
But wonder if SEBI distributes such recoveries, with the shareholders, who suffered losses due to insider trading etc.
It’s unclear as to what record date it would choose, to determine the number of shareholders, who are eligible to be compensated for such losses.
SEBI recovers unlawful gains through disgorgement orders, meaning it directs individuals or entities to forfeit profits made or losses avoided through illegal activities. This recovered amount is then used to reimburse investors who suffered losses due to the unlawful gains. SEBI’s Recovery and Refund Department handles the recovery and refund processes, ensuring that the money is returned to those who were affected
I’m sceptical if all recoveries actually get refunded to shareholders.
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Today Nifty was up almost by 1000points , But Indus Ind bank was down by more then 3% its really puzzle
Because the IndusInd saga is not over yet.
First, it was the discrepancy with forex derivatives accounting.
Then, there was a discrepancy with accounting in the microfinance arm.
Then, the news of insider trading by excecutives.
And now, the so called discrepancy could very well get classified as fraud (intent to deceive).
Error’, or ‘discrepancy’, or ‘fraud’? IndusInd Bank has come to a point where its management will have to unambiguously spell out the nature of its questionable derivative accounting.
PS:
Maybe it is not lost, just yet, u might still be able to buy at this level, with everything that is going on.
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