Morgan Stanley: The brokerage sees continued market share gains for the stock, helped by its strong balance sheet. It added that the key positive was 13 percent YoY growth in core PPoP.
CLSA: The brokerage maintained a 'buy' call on the stock with the target raised to Rs 1,450 from Rs 1,250 earlier. It also increased FY22-23 earnings by 6-9 percent.
Nomura: The brokerage maintained a 'buy' call on the stock and raised the target to Rs 1,325 from Rs 1,225 earlier. It is confident on the company's ability to navigate the current crisis.
Jefferies: The brokerage maintained a 'buy' call and raised the target to Rs 1,350 from Rs 1,280. It added that tighter new lending in the retail segment could drag NIMs.
Citi: The brokerage maintained a 'buy' call on the stock and increased the target to Rs 1,350 from Rs 1,225. Strong franchise, tight underwriting give the bank an edge over peers, it added.
Kotak Institutional Equities: The brokerage maintained an 'add' rating on the stock with a target at Rs 1,200 per share. It added that a positive outcome on credit costs would help maintain its premium.