Among banks that have posted business updates, Nuvama said HDFC Bank, Axis Bank, YES bank, Ujjivan SFB and Canara Bank surprised positively, while Kotak Bank was a slight disappointment.
South Indian Bank shares were trading 1.44 per cent higher at Rs 44.33 apiece, a day after falling 8.33 per cent. ICICI Securities' target suggests upside is capped on the counter.
HDFC Bank, ICICI Bank, Axis Bank: Nomura suggested targets of Rs 950 for HDFC Bank, Rs 1,620 on ICICI Bank and Rs 1,560 on Axis Bank, suggesting double digit gains.
With markets trading near record highs, investors are looking for quality stock ideas across large-cap and mid-cap segments. Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services, remains positive on ICICI Bank, HDFC Bank, Bharti Airtel, M&M, Titan, and Eternal among large caps. In the mid-cap space, he prefers Radico Khaitan, Indian Hotels, Arvind Limited, Dixon Technologies, Coforge, and RBL Bank. According to him, banking, telecom, consumption, digital businesses, and select technology stocks continue to offer attractive long-term opportunities.
Private banking stocks are back in focus as improving credit growth, healthy asset quality, and attractive valuations strengthen the sector's outlook. Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services, believes the recent consolidation has created a compelling opportunity for long-term investors. He remains positive on ICICI Bank for its consistent growth and industry-leading profitability, while HDFC Bank is showing strong momentum in both deposits and advances. He also likes AU Small Finance Bank for its robust growth prospects.
As Q1FY27 earnings season kicks off, banks and IT are set for contrasting stories. Banks look set for a strong quarter, with credit growth at a multi-year high of 17.7% YoY, though deposit mobilization lags and margins face mild pressure at large private banks like HDFC, ICICI and Axis. MOFSL's top picks are SBI, ICICI Bank, HDFC Bank and AU Small Finance Bank. IT, on the other hand, is bracing for a subdued quarter as weak discretionary spending and AI-led cost optimisation weigh on revenue, with a softer rupee offering some margin cushion. Infosys and Tech Mahindra are seen as relative outperformers, while TCS, HCLTech and Wipro may report softer trends.
Systematix expects healthy Q1FY27 earnings for banks. Check fresh target prices, ratings and top picks for HDFC Bank, SBI, ICICI Bank, Axis Bank and others.
Emkay said ICICI Bank remained the strongest bank, but leaves little upside at 2.4x book value. HDFC Bank and Axis Bank are relatively underpriced and have to deliver consistent growth to offer meaningful stock upside.
Among the key contributors to the Sensex's rally were HDFC Bank Ltd, Reliance Industries Ltd (RIL), ICICI Bank Ltd, Mahindra & Mahindra Ltd (M&M), Bharti Airtel Ltd, Bharat Electronics Ltd (BEL), Larsen & Toubro Ltd (L&T), Eternal Ltd and Sun Pharmaceutical Industries Ltd.
Stocks like HDFC Bank, Kotak Mahindra Bank, ICICI Pru Life, PTC India, YES Bank, NTPC Green Energy, IndusInd Bank, NBCC India, Aastha Spintex and more will be in the spotlight on Monday, July 06.
Among the major contributors to the Sensex's gains were HDFC Bank Ltd, ICICI Bank Ltd, Axis Bank Ltd, Bharat Electronics Ltd (BEL), Bharti Airtel Ltd, State Bank of India (SBI), Mahindra & Mahindra Ltd (M&M), Titan Company Ltd and Tata Steel Ltd.




