Explore the latest brokerage calls and analyst insights on today's active stocks and sectors. Our coverage includes updates on the NBFC sector as well as individual stocks like Yes Bank, Federal Bank, Indegene, and Polycab.

Investec On NBFCs

Hold Call On Bajaj Finance, Target Rs 7,600/Sh

Hold Call On Can Fin Homes, Target Rs 800/Sh

Buy Call On CreditAccess, Target Rs 1,900/Sh

Q1 To Be Weak For Lending Financials Except Gold Financiers, Affordable Hfcs & Chola Fin

Expect Loan Growth To Moderate In Q1 Driven By Seasonal Factors

Expect Loan Growth To Moderate In Q1 Driven By Other Events Like Elections, Risk Weight

Formal HFCs (LIC Hsg Fin, PNB Hsg Fin) Are Likely To Report Weak Loan Growth QoQ

Asset Quality Should Deteriorate With Higher Credit Cost For Most Players

MFIs & SFBs Will See Higher Stress In Q1 Versus NBFCs Operating In Secured Segments

NIMs Should See Further Moderation As We Expect Cost Of Funds To Increase

Remain Positive On AU, Equitas & Credit access Grameen From Medium-term Perspective

See Q1 Weakness As Good Entry Opportunity For AU, Equitas & CreditAccess Grameen

Nomura On Yes Bank

Neutral Call, Target Rs 17/Sh

Q1 Update Showed Muted Loan Growth & Deposits Declined Sequentially

Casa Declined 1% QoQ, While YoY Growth Was Strong At 26% In Q1 Update

Casa Ratio Declined By 17 bps QoQ To 30.7%, Await Further Details From Q1 Results

Expect Co To Deliver RoA Of 0.5%/0.8% And RoE Of 4.5%/7.5% In FY25/FY26

Co’s Return Profile, Though On An Improving Trajectory, Is Significantly Lower Than Peers

We Believe Book value per share Adequately Captures The Positives For The Co

Nomura On Federal Bank

Buy Call, Target Rs 195/Sh

Co Reported Strong Loan Growth Of 20% YoY/5% QoQ In Q1 Update

Retail & Wholesale Loan Growth Rates Were Robust

Overall Deposit Growth Was Strong At 20% YoY/ 5% QoQ, Driven By 20% YoY/5% QoQ

Growth In Customer Deposits And 17% YoY/ 13% QoQ Growth In Wholesale Deposits.

Loan-To-Deposit Ratio (Based On Gross Loans) Was Stable QoQ

Loan-To-Deposit Ratio (Based On Gross Loans) Remained The Lowest Among Private Banks

Await Further Details on the Company’s Q1 Results

Expect NIM To Be Stable Sequentially, Strong Fee Income Growth To Sustain

Expect Co’s Asset Quality To Remain Benign

Citi On Indegene

Initiate Sell Call, Target Price Rs 510/Sh

Expect Co To Benefit From Accelerated Digitalisation Of The Life Sciences Industry

Like The Strong Management Team Underpinned By Robust Domain Expertise

Current Valuations (Nearly 29x FY26 Estimates) Appear To Be Pricing In The Positives

Wage Hikes Are Likely To Offset Some Of The Benefit For The Co

We Expect EBIT Margin To Remain Stable In FY25 And FY26

MS On Polycab

Overweight Call, Target Rs 7,310/Sh

Management is optimistic about the growth outlook for the cables & wires industry

As Per Co, Domestic C&W Industry To Grow By 12-14% Over Medium-term

Indian C&W Ind Is Well Placed For Exports – Cost Competitiveness & Technological Adaptability

Expects FMEG Industry To Rebound In FY25