Bajaj Finance Earns 'Buy' Rating
Bajaj Finance Ltd. received a 'Buy' rating from HDFC Securities with a revised target price of ₹1,100. The brokerage cited steady Assets Under Management (AUM) growth, improving credit costs, and a strong profitability outlook, supported by its diversified lending business.
Indian Bank: 'Buy' on Growth, Asset Quality Watch
Indian Bank was also maintained with a 'Buy' recommendation, carrying a target price of ₹990. HDFC Securities highlighted strong business growth and healthy deposit traction for the public sector bank. However, it noted asset quality as an area to watch closely, given its exposure to MSME loans.
Federal Bank Gets 'Add' Call
Federal Bank was rated 'Add' with a target price of ₹305. The brokerage pointed to a moderate loan growth outlook and potential stress in its MSME portfolio, even as overall asset quality trends remain stable.
Other Stocks in Focus
Star Health and Piramal Pharma were also mentioned as stocks likely to remain in focus following their Q4 results. Specific rating details from HDFC Securities for these companies were not elaborated upon in the provided information.
