Brokerage Radar: Shares of about 8 companies are on the radar of brokerage firms today. These include big stocks like Reliance Industries, Kotak Mahindra Bank, SBI Cards, Godrej Consumer, HDFC Bank, Bandhan Bank, AU Small Finance Bank and Bajaj Finance. Due to the brokerage report, shares of these companies remain in focus today. Let us know what the brokerage’s opinion is about these shares and what target prices they have set for them-
1. Kotak Mahindra Bank
Foreign brokerage firm Nomura has advised to buy this stock and has fixed the target price at Rs 2,170 per share. The brokerage said concerns have increased over the recent turmoil in the top management due to the resignation of the COO and CTO. It remains to be seen whether this turmoil will impact medium-term growth. The bank expects 16% loan growth and 15% deposit growth for FY24-27.
2. AU Small Finance Bank
Nomura has given neutral rating to this stock and has kept its target price at Rs 670 per share. The brokerage said the third quarter business update again highlighted weakness in CASA and deposit growth. Deposit growth stood at only 2.3% on a quarterly basis, but loan growth remained stable.
3. Reliance Industries (RIL)
Brokerage firm CLSA has given outperform rating to this stock and has set a target price of Rs 1650 per share for it. The brokerage believes that the stock’s valuation has now become attractive after a weak performance in 2024. He foresees strong growth in 2025 through Jio’s IPO and launch of new energy projects.
4. HDFC Bank
Nomura has given a neutral rating to this stock and has set a target price of Rs 1780 per share for it. The brokerage said the third quarter update showed slower loan growth and weakness in CASA, although deposit growth through term deposits remained strong.
At the same time, brokerage firm Jefferies has advised “Buy” for HDFC Bank and has given a target of Rs 2,120 per share. He believes that retail loan and deposit growth are positive, but it is important to keep an eye on NIM.
5. Bandhan Bank
Jefferies has advised to buy this stock and has set a target of Rs 210 for it. The brokerage says that the company has seen a decline in loan growth, but Jefferies expects the company to benefit from re-valuation due to improvement in the MFI market.
6. Bajaj Finance
BofA has advised to buy this stock and has set a target of Rs 8800 per share for it. The brokerage says AUM growth remained positive in Q3, and credit costs are expected to remain stable in FY25-26.
JPMorgan has rated Bajaj Finance shares as “overweight” and set its target price at Rs 7,300. He emphasized on strong new loan bookings and acceleration in customer addition in Q3.
7. SBI Card
Both brokerage firms Nomura and Nuvama Institutional have advised buying in this stock. Nomura has increased its target price from Rs 625 to Rs 825. Whereas Nuvama has increased its target price from Rs 620 to Rs 650 per share. Both the brokerage houses are expecting a positive impact due to improvement in credit costs and possible rate cut by RBI.
8. Godrej Consumer
Brokerage firm Godrej Consumer has advised to buy this stock and has kept its target price at Rs 1,370 per share. The brokerage said there is likely to be relief from palm oil prices and seasonal impacts from Q3 onwards. The company is expected to grow fastest in the FMCG sector by FY26.
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