Stories
Brokerage Reports: Buy recommendation for HCLTech, RBL Bank and 6 other stocks with key targets
- •Citi has issued a buy rating on RBL Bank with a target of 505 rupees, highlighting improved Return on Asset and strong Net Interest Income growth.
- •Nomura maintained a buy stance on HCL Tech with a target of 1,330 rupees, driven by strong service business performance and AI-driven earnings.
- •HSBC recommended buying ICICI Prudential Asset Management Company shares with a target price of 3,530 rupees despite temporary growth pressures.
- •Nomura recommended buying auto sector stocks including Ather Energy, Mahindra and Mahindra, and Hyundai, focusing on EV growth.
- •Goldman Sachs gave a buy rating on Azad Engineering with a target of 3,315 rupees following a major contract from Bharat Heavy Electricals Limited.
Key Questions Answered
Citi has issued a buy recommendation for RBL Bank with a target price of ₹505. The brokerage highlighted an improved Return on Asset (RoA) rising from 0.57% in Q1 FY2027 to over 0.90% in Q2, alongside a quarter-on-quarter Net Interest Margin (NIM) increase to 4.61% and robust Net Interest Income (NII) growth.
Nomura maintained a buy recommendation on HCL Tech with a target price of ₹1,330. The brokerage pointed to the company's strong service business performance and continuous growth in AI-driven earnings as key positives, while raising estimated Earnings Per Share (EPS) for FY2027 and FY2028 by about 2-3%.
Nomura recommended buying shares in three auto sector companies due to the rising share of electric vehicles: Ather Energy, Mahindra & Mahindra, and Hyundai. Additionally, the brokerage named Sona BLW and Exide Industries as preferred picks among auto-part suppliers.
