Latest stock research reports with share price targets forecast, buy, hold, and sell recommendations along with upside. Search by company or broker name.
During its analyst meet, Equitas SFB (Equitas) shared its FY27 and medium-term outlook. It highlighted that it is well placed to ride the credit gap of INR 84trn in the MSME and mortgage segments (in both of these products, Equitas carries a lending experience of >5 years), and hence expects a >20% loan CAGR over FY27-31.
Nuvama Wealth (NUVAMA) is a diversified play on multiple emerging themes in the capital market ecosystem, with a robust presence in UHNI Wealth Management, midsegment Wealth Management, Custody & Clearing, and IE&IB businesses.
Equitas Small Finance Bank (EQUITASB), at its analyst meet, highlighted its long-term strategy of growing at a healthy pace of 20%+ over the next five years.
Nippon AMC delivered a strong performance in Q4FY26, with its diversified product *over or under performance to benchmark index platform reflecting deeper engagement. The management said there was steady traction across equity offerings and an increase in investor participation in passive products, ETFs and international strategies, highlighting a gradual broadening of investment preferences. The platform continues to benefit from its wide distribution network and growing digital interface, enabling consistent client onboarding and engagement, which is expected to support business resilience and sustain the...
PNB Housing Finance (PNBHF) is entering the next phase of its transformation, leveraging its retail franchise, distribution network, and improving operating infrastructure to accelerate growth in higher-yielding affordable and emerging segments.
We remain positive on BHFL given its unique combination of industry-leading asset quality, strong AUM growth, and multiple levers for earnings compounding. While near-term spread compression may weigh on profitability, we view this as transitory.
Shriram Finance (SHFL) continues to reinforce its position as a leading retail-focused NBFC, backed by its strong presence in rural and semi-urban markets, diversified product portfolio, and disciplined execution capabilities.
The company has geographically diversified asset base with term loans outstanding across 23 states and 4 union territories across renewable segment. Q4FY26 performance: IREDA delivered mixed Q4FY26 performance, sustaining AUM growth at ~22% YoY (6% QoQ) to 93,069 crore, driven by continued disbursement momentum across renewable energy segment. NII grew 18.5% YoY (3.2% QoQ) to 897 crore, supported by balance sheet expansion and lower cost of borrowings at 7.05% (vs 7.61% in FY25). NIM improved to 3.65% (-9bps/38 bps QoQ/YoY). PAT declined 1.8% YoY to 493 crore owing to elevated provisioning of...
Kotak Mahindra Bank (KMB) hosted analyst interaction with Mr. Ashok Vaswani, MD&CEO. Under Mr. Vaswani’s leadership, KMB has made significant progress on re-orienting itself from a ‘product-focus’ to ‘customer-focus’ organisation.
We interacted with the management of Sammaan Capital (SCL) to discuss the company's strategic transformation following the investment by Abu Dhabi-based International Holding Company (IHC) of INR88.5bn. Management highlighted that IHC currently holds 28.5% stake (to reach 43.5% post conversion of warrants over 18 months) and the investment marks a significant inflection point for SCL through enhanced capital position, governance oversight and funding access while also supporting digital and AI-led operational capabilities. FY26 AUM stood at INR531.6bn and the company is transitioning from a wholesale lender to a diversified retailoriented platform with a focus on secured lending. With legacy stressed assets written...
Focus on profitable growth; unsecured may rise by 2-2.5% Opex to assets may continue to reduce driven by tech aid We expect core RoA to improve by 9bps over FY26-28E We met the MD&CEO and senior management of KMB and key takeaways were (1) bank may continue to grow faster than system without compromising on NIM (2) unsecured growth has resumed but secured growth would not be impeded; unsecured share may increase from ~9% in Mar'26 to 11-11.5% and (3) tech investments would further drive operating efficiency, reducing opex/assets. Bank has de-risked its balance sheet which...
Elevated SR provisions led to reported losses, but provisioning now complete Indostar Capital Finance (INDOSTAR) reported a mixed operating performance during the quarter, with a pickup in business momentum, as evident in the sequential improvement in both disbursements and AUM growth.
India's mortgage market remains significantly underpenetrated at a mortgage-to-GDP ratio of approximately 12%, versus 50-80% in developed markets, creating a multi-decade growth runway for organised housing finance players.
Sundaram Finance Limited delivered a strong Q4FY26/FY26 performance, reflecting healthy growth momentum, resilient asset quality and stable profitability despite macroeconomic uncertainty. AUM grew 16.4% YoY, supported by broad-based demand across vehicle financing segments, while FY26 disbursements increased 14% YoY. Management highlighted that collections and repayment behaviour remain stable despite concerns around rising crude oil prices and geopolitical tensions, reflecting the strength of its borrower profile and underwriting standards. Asset quality improved during the quarter, with GNPA...
Q4FY26 has seen a pick-up in disbursement growth (+17% YoY) with continued improvement in economic activity following GST 2.0 reforms. Q4 AUM grew 16% YoY to Rs 599.1bn and we build a run-rate of 14/15% for FY27/28E. Calculated NIM was flat QoQ to 5.61%; we expect it to remain steady in FY27/FY28E; lower yield to be offset by a controlled CoF. Asset quality trend improved (GS3/NS3 at 1.44%/ 0.69%) aided by strong collections, improved recoveries and tighter origination standards. We slightly tweak our FY27/ FY28E estimates factoring in stable NIM and normalized credit cost. We roll-forward to FY28, valuing SUF's standalone business at Rs3,978 (2.6x ABV vs....
Borrower acquisition scaled meaningfully, with 3.3 lakh additions in Q4 and 9.8 lakh during FY26, of which 38% were new-to-credit customers. This was accompanied by an improvement in the cost-to-income ratio to 30.4% from 31.8% in the previous...
LIC delivered a strong Q4FY26 performance, with VNB margin at 25.7% (+6.9ppt YoY) beating our estimate of 20.5%; APE stood at Rs229.5bn (+21.8% YoY), higher than our estimate of Rs212.8bn.
