Shares of IndusInd Bank staged a strong recovery on Thursday after initially plunging nearly 6% in early trade. The sharp fall followed the lender's announcement of a Rs 2,329 crore loss for the March quarter—its worst-ever performance—attributed to a deep-clean exercise by the interim management to address past accounting discrepancies.

On the BSE, the stock fell as much as 5.89% to Rs 725.65 after a weak opening. However, it later rebounded, trading 2.75% higher at Rs 792.30.

Similarly, on the NSE, the stock dropped 5.73% to Rs 725.80 during early trade but later surged, recovering fully to trade 3.24% higher at Rs 794.90.