Stories
Brokerage Reports Today: Top Analyst Views on DLF, PNB, ICICI Bank, Axis Bank and Oberoi Realty
- •DLF received positive ratings from major brokerages like CLSA, Jefferies, JPMorgan, and Nomura with targets ranging up to Rs 830, driven by strong Q2 pre-sales of Rs 3,800 crore.
- •Oberoi Realty saw buy ratings from Nomura and HSBC with targets up to Rs 2,310, supported by robust residential bookings, strong customer collections, and rising rental income.
- •Punjab National Bank received divergent views as CLSA maintained an outperform rating with a Rs 140 target, while Citi kept a sell rating despite raising its target to Rs 110.
- •ICICI Bank impressed multiple global brokerages including Bernstein, JPMorgan, Nomura, and Goldman Sachs, which raised targets up to Rs 2,025 following strong loan and deposit growth.
- •Axis Bank drew positive commentary from Goldman Sachs, Bernstein, and JPMorgan with targets up to Rs 1,620, aided by surging net profits, lower credit costs, and healthy asset quality.
Key Questions Answered
CLSA, Jefferies, JPMorgan, and Nomura issued positive ratings for DLF with target prices ranging from Rs 740 to Rs 830. DLF reported second-quarter pre-sales of Rs 3,800 crore and remains on track to meet its full-year FY2027 sales target of Rs 20,000 crore.
CLSA gave Punjab National Bank an outperform rating with a target price of Rs 140, citing a second-quarter profit 20 percent above estimates and strong loan growth. Conversely, Citi maintained a sell rating with a target price of Rs 110 despite noting improvements in net interest margin and net interest income.
Goldman Sachs and Bernstein both issued a buy or outperform rating on Axis Bank with a target price of Rs 1,600, while JPMorgan assigned an overweight rating with a target price of Rs 1,620. Analysts highlighted a 38 percent surge in profit to Rs 7,000 crore, supported by a significant decline in credit costs and strong core net interest income.
