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Bloomberg Quint
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Stock Recommendations Today: HDFC Bank, IndusInd Bank, IndiGo On Brokerages' Radar
- Stock recommendations today include HDFC Bank, IndusInd Bank, and IndiGo on brokerages' radar.
- Citi highlighted that HDFC Bank's acquisition of new customers and branch seasoning will aid faster deposit growth and market share gain.
- IndusInd Bank met with Citi to discuss recent business developments and near-to-medium term priorities.
- Goldman Sachs noted healthy cement price increases and improved spreads, with a focus on demand recovery crucial for the sector.
- Jefferies maintained a 'buy' rating on Indian Hotels and Ambuja Cement, with positive outlooks on demand-supply cycles and cost savings.
- Jefferies also recommended 'buy' ratings on IndiGo and Ambuja Cement, citing strong long-term growth prospects and cost leadership.
- Citi maintained a 'sell' rating on IndusInd Bank due to concerns over repayments and liquidity pressures affecting net interest margins.
- Citi, however, upheld a 'buy' rating on HDFC Bank, expecting improved NIMs, loan growth aligned with system average, and deposit growth support.
- Analyst recommendations cover various sectors and provide insights into stock performance and market trends.
- The article offers key insights into stock recommendations and sector outlooks based on brokerage analyses and company updates.
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