Company updateBusiness Today
HDFC Bank, SBI, ICICI Bank, Kotak Bank, Axis Bank, BoB: Check fresh price targets for banking stocks
GreyOak summary
Systematix Institutional Equities provided fresh price targets for major Indian banks, rating 11 lenders as 'buy' and two as 'hold'. The report noted diverging net interest margins, with private banks seeing a contraction while public sector banks expanded margins. Key monitorables include retail deposit mobilization and the transition to the expected credit loss framework.
What it affects
- HDFC BankHDFCBANKPositive 0
Target price set at Rs 890Rolling sentiment Neutral +10
- Financial ServicesPositive 0
Brokerage remains cautiously optimistic on sector.Rolling sentiment Neutral 0
- State Bank of IndiaSBINPositive 0
Target price set at Rs 1,200Rolling sentiment Positive +16
- ICICI BankICICIBANKPositive 0
Target price set at Rs 1,800Rolling sentiment Neutral +1
- Axis BankAXISBANKPositive 0
Target price set at Rs 1,500Rolling sentiment Neutral +10
- Kotak Mahindra BankKOTAKBANKPositive 0
Target price set at Rs 550Rolling sentiment Positive +35
Source
Read the original at Business TodayMore HDFC Bank news
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