Hot Stocks: Brokerage view on Dabur, Bajaj Finance, Aavas Financiers and HDFC Bank
Deposit growth has surprised positively. Decline in corporate loan growth and LDR are excellent outcomes. The valuations remain attractive and long-term investors can look to add the stock to their portfolio.
Brokerage firm Macquarie maintained an outperform rating on while Citigroup maintained a sell rating on India and a buy rating on as well as on .We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Macquarie on HDFC Bank: Outperform| Target Rs 2000
Macqurie maintained an outperform rating on HDFC Bank with a target price of Rs 2000. The consolidation strategy is playing out well for the private sector lender.Deposit growth has surprised positively. Decline in corporate loan growth and LDR are excellent outcomes. The valuations remain attractive and long-term investors can look to add the stock to their portfolio.
There are multiple challenges across demand. The global investment bank believes that profitability misses in Q4 is due to higher ad spends and an inferior mix.
Sustained acceleration in volume/revenue growth and/or recovery in profitability would be key.
Declining trend in net interest margins (NIMs) to be arrested. The cost to assets trajectory is likely to be stable while return on assets (RoA) would improve QoQ.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Citigroup on Dabur India: Sell| Target Rs 500
Citigroup maintained a sell rating on Dabur India and slashed the target price to Rs 500 from Rs 520 earlier.There are multiple challenges across demand. The global investment bank believes that profitability misses in Q4 is due to higher ad spends and an inferior mix.
Sustained acceleration in volume/revenue growth and/or recovery in profitability would be key.
Citigroup on Aavas Financiers: Buy| Target Rs 1830
Citigroup maintained a buy rating on Aavas Financiers with a target price of Rs 1830. The company reported in-line AUM growth at 22% YoY and the branch rollout has picked up pace.Declining trend in net interest margins (NIMs) to be arrested. The cost to assets trajectory is likely to be stable while return on assets (RoA) would improve QoQ.
Citigroup on Bajaj Finance: Buy| Target Rs 8975
Citigroup maintained a buy rating on Bajaj Finance with a target price of Rs 8975. Regulatory restrictions impact new loan books. Deposit accretion continued and the liquidity buffer has improved. The NIMs is likely to come off 10 bps QoQ.(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Source: Stocks-Markets-Economic Times
