1 / 5Jefferies on Federal Bank: The brokerage maintained a 'buy' call on the stock and raised the target to Rs 125 per share from Rs 114 earlier. It said that Q1 earnings are in-line with estimates and promise a steady improvement.
2 / 5Citi on Federal Bank: The brokerage maintained 'neutral' call on the stock and raised the target to Rs 120 per share from Rs 110 earlier. It noted that the company's loan growth slowed a bit to 19 percent YoY but retail was strong.
3 / 5HSBC on Maruti: The brokerage maintained 'hold' rating on the stock but cut its target to Rs 6,800 per share from Rs 7,200 earlier. It added that volume decline may offset benefits from benign commodities and price increase.
4 / 5Citi on Cummins India: Citi maintained a 'neutral' stance on the stock and said the company's margin will get impacted as the share of exports dips. It also added that resignation of its MD Sandeep Sinha can weigh on the near-term stock performance.
5 / 5Citi on Steel companies: The brokerage has a 'sell' call on JSW Steel, SAIL, and Tata Steel amid price and leverage concerns on China worries.
