What is the reason for the sharp fall in the stock price of IndusInd Bank? The numbers still look to be ok, so what explains this fall?

Despite the sharp fall in the last few weeks and in fact months, IndusInd Bank crashed another 24% on rumours surround of its health. The telecom Supreme Court order only made things worse as IndusInd has a huge exposure to the sector. While the bank has assured about its strong financials the markets are still worried about its overall financial health and exposure to bad loans. IndusInd has a large exposure to the telecom sector and that was one of the reasons the stocks went down so sharply on Wednesday as the SC order ruled out any concessions or review with respect to telecom dues. IndusInd has gross NPAs of 2.18% which is hardly alarming. However, most analysts expect that this could be much higher if some major sticky accounts turn into bad accounts. The stock has lost over 50% since the beginning of March and over 80% since January this year.