Stock Picks Today: Brokerages’ Views on Bajaj Finance, Nestle India, SBI Life, and More
The Indian stock market is expected to remain volatile today as brokerages share their views on the June quarter earnings of top companies like Bajaj Finance, Nestle India, SBI Life, and IndusInd Bank. Here’s a roundup of the key analyst calls and price target revisions:
Bajaj Finance
Bajaj Finance has been maintained a Buy rating by Jefferies, with a revised price target of Rs 1,100 from Rs 1,044. Analysts believe growth remained healthy despite a slight rise in MSME loans.
Nestle India
Nestle India has been maintained a Neutral rating by Citi, with a price target of Rs 983. The analysts believe MSME-related stress and growth risks are emerging, but net interest margin upside and cost control offer some cushion.
SBI Life
SBI Life has been maintained an Overweight rating by Morgan Stanley, with a price target of Rs 2,115. The analysts believe the company remains a preferred large-cap pick, offering an attractive risk-reward with limited downside.
IndusInd Bank
IndusInd Bank has been upgraded to Buy from Sell by Jefferies, with a price target of Rs 4,100 from Rs 2,930. The analysts believe the bank remains well-capitalized and the planned capital raise will lift CET-I to around 17.5%, implying capital accretion of roughly 240 basis points.
Other Stocks
Other stocks that have been in focus include SRF, Supreme Industries, and SBI Life, among others. Here’s a summary of the key analyst views and price target revisions:
| Company | Brokerage | Rating | Price Target | Reason |
|---|---|---|---|---|
| Bajaj Finance | Jefferies | Buy | Rs 1,100 | Growth remained healthy despite MSME loan rise |
| Nestle India | Citi | Neutral | Rs 983 | MSME stress, growth risks, and NIM upside |
| SBI Life | Morgan Stanley | Overweight | Rs 2,115 | Preferred large-cap pick, attractive risk-reward |
| IndusInd Bank | Jefferies | Buy | Rs 4,100 | Well-capitalized, planned capital raise |
Conclusion
The Indian stock market is likely to remain volatile as brokerages share their views on the June quarter earnings of top companies. Investors should closely monitor the key analyst calls and price target revisions to make informed investment decisions.
