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Stock Recommendations Today: IndusInd Bank, ICICI Prudential Life, ICICI Lombard On Brokerages' Radar
- IndusInd Bank, ICICI Prudential Life, and ICICI Lombard were under the spotlight for brokerages on Wednesday.
- BofA predicts headline inflation to average 4.1% in FY 2026 after two consecutive months of sub-4% inflation.
- HSBC expects mid-single-digit CAGR growth for the IT sector in USD terms over the medium term.
- Morgan Stanley maintains 'equal weight' on IndusInd Bank with a target price of Rs 755, awaiting audit report findings.
- Macquarie maintains 'Outperform' on IndusInd Bank, citing a positive outlook with limited derivative discrepancy impact.
- Citi maintains 'Buy' on IndusInd Bank, stating the impact of derivative discrepancy is less severe than expected.
- Brokerages have mixed views on ICICI Prudential Life, with Macquarie maintaining a 'Neutral' rating and Morgan Stanley reducing target price.
- For ICICI Lombard, Macquarie holds 'Outperform' while Citi maintains 'Sell' with raised target price due to weak Q4 performance.
- HSBC foresees mid-single-digit revenue CAGR in USD terms for the IT sector over the medium term.
- BofA analyzes the consumer sector, emphasizing the importance of de-averaging FMCG valuations based on business growth and global sectoral trends.
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