Top Brokerages Share Insights on United Spirits, HDFC Bank, ICICI Bank, and PB Fintech – What Investors Should Know

Leading brokerage firms have shared their latest views on stocks like United Spirits, HDFC Bank, ICICI Bank, and PB Fintech. Here’s a breakdown of their recommendations:

Macquarie on United Spirits: Underperform | Target Price: ₹1,100

Macquarie has kept an underperform rating for United Spirits, with a target price of ₹1,100. The brokerage expects slow demand and flat growth in sales for Q2. While luxury segments may perform well, overall volume growth is likely to remain muted.

Macquarie on HDFC Bank: Outperform | Target Price: ₹1,900

Macquarie has rated HDFC Bank as “outperform,” with a target price of ₹1,900. While profits may look weak year-over-year, the bank’s net interest income (NII) is expected to grow by 14%, and net interest margins (NIMs) could see a small rise. Loan growth might be slower at 8% due to sell-downs.

UBS on HDFC Bank: Buy | Target Price: ₹2,100

UBS is more optimistic, raising the target price for HDFC Bank from ₹1,900 to ₹2,100 and maintaining a “buy” rating. They believe rebalancing the loan book and a favorable rate environment will help the bank grow in the long term, though short-term loan growth might slow down.

UBS on ICICI Bank: Buy | Target Price: ₹1,575

UBS continues to be positive on ICICI Bank, raising its target price from ₹1,300 to ₹1,575. The bank’s strong performance, stable metrics, and healthy returns are expected to support its premium valuation, even as growth might slow in the near term.

Morgan Stanley on PB Fintech: Equal-weight | Target Price: ₹1,375

Morgan Stanley has kept an equal-weight rating on PB Fintech with a target price of ₹1,375. They highlight concerns over the company’s recent move into the healthcare sector and how this might affect its business model. Investors will be watching how much the company invests and whether this will be a one-time or ongoing cost.

These insights provide a clear view of what top brokerage firms are expecting from these major stocks in the near future.