7 hours ago
HomeMarket NewsStocks To Buy: Macquarie highlights LIC, HDFC Bank, Axis Bank among top ideas
Macquarie believes current margin pressures are temporary and expects banks to deliver a solid 15% EPS CAGR over the next three years.
By Meghna Sen July 3, 2025, 8:13:32 AM IST (Published)
Global brokerage firm Macquarie has made several rating and target price changes across the Indian financial sector.
The brokerage upgraded PB Fintech from 'Underperform' to 'Neutral' and raised the price target to ₹1,945 per share.
On the other hand, IndusInd Bank was downgraded from 'Outperform' to 'Underperform', with the price target cut to ₹650 per share.
Kotak Mahindra Bank was downgraded to 'Neutral', though the target price was raised to ₹2,300 per share. Similarly, SBI Cards was assigned a 'Neutral' rating with a target price of ₹1,040 per share.
HDFC Life was also downgraded, moving from 'Neutral' to 'Underperform', but its target price was raised to ₹720 per share.
Macquarie believes current margin pressures are temporary and expects banks to deliver a solid 15% EPS CAGR over the next three years.
It prefers large private sector banks and sees selective opportunities in NBFCs based on risk-reward.
Top picks from the brokerage include HDFC Bank, Axis Bank, Aditya Birla Capital (ABCAP), Power Finance Corporation (PFC), Shriram Housing Finance (SHFL), and Life Insurance Corporation of India (LIC).
Note To Readers
Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
