Several top financial firms, including Nuvama, Bank of America (BofA), and Bernstein, have shared positive news about key companies in India: SBI Cards, Bajaj Finance, and HDFC Bank. They see strong opportunities for growth in 2025.
– Nuvama on SBI Cards: Nuvama has changed their rating for SBI Cards to ‘Buy’ from ‘Reduce.’ They now have a target price of Rs 850, which is higher than the previous Rs 620. This means there’s a potential gain of 17% from the last price of Rs 723. Nuvama believes that SBI Cards’ costs for credit (money lent) have gotten better recently, and with possible interest rate cuts by the RBI, the company could see even more growth.
– Bank of America on Bajaj Finance: BofA continues to support Bajaj Finance with a ‘Buy’ rating, targeting a price of Rs 8,800. This is an 18% upside from the current price of Rs 7,411. Bajaj Finance has shown strong growth in its loan business, and its focus on being careful in lending will help it continue to do well.
– Bernstein on HDFC Bank: Bernstein keeps an ‘Outperform’ rating on HDFC Bank with a target price of Rs 2,300, indicating a potential 31% rise from the current price of Rs 1,749. HDFC Bank’s deposit growth of 16% per year is impressive, far exceeding the industry average. Although loan growth is slow, the bank is doing well overall.
These updates show a bright future for these companies as they navigate the market.
(Disclaimer: The views and opinions in this article belong to the experts and do not reflect the views of Thellv.news)
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