CLSA has maintained its high conviction outperform rating on Bandhan Bank with a target price of Rs 220. Analysts said that the bank’s MD’s key priorities are to increase share of secured assets by FY27 and to improve technology & audit functions. The management targets return on assets of 1.8-2% by end-FY27.
Jefferies has maintained its ‘buy’ rating on Infosys but with a reduced target price of Rs 1,835 from Rs 2,150 earlier. Analysts feel price-to-earnings de-rating risks are limited, given marked improvement in free cash flow conversion to higher payouts. They cut Infosys’s EPS estimates by 2-4% on slower growth but reiterate its ‘buy’ given attractive risk-reward.
HDFC Securities has put a ‘buy’ rating on DLF with a target price of Rs 988. Analysts said DLF has established itself as a leader in NCR’s luxury real estate sector through distinctive projects that its competitors are finding tough to copy. The company’s substantial land bank ensures growth visibility for over two decades. DLF projects residential surplus cash potential of Rs 50,000 crore in the medium term. DLF’s financial position remains robust, having achieved net cash-positive status, with its development business approaching zero gross debt.
UBS Global Research has put a ‘buy’ recommendation on Shyam Metalics & Energy with a target price of Rs 1,175. Analysts said that the company, the second largest manufacturer of aluminium foil in India, is expected to be a key beneficiary of the anti-dumping duty announced on Chinese aluminium foil imports. It is also the most diversified metals player with a robust execution track record of delivering capacities on time.
ICICI Securities has initiated its coverage of Suven Pharmaceuticals with a ‘buy’ recommendation and a target price of Rs 1,400. Calling it a distinct CDMO in the making, analysts said Suven’s rapid ascendance in this space has been remarkable. Its merger with Cohance is slated for completion in Q1FY26.
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