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UBS has upgraded Bank of Baroda's stock rating from Neutral to Buy, raising the target price to INR290 from INR270, citing improved loan growth prospects and stable asset quality. The bank's conservative lending practices and favorable regulatory changes are expected to enhance liquidity and consumption, supporting a projected loan growth of 12% from 2025 to 2027. Despite a 16% decline in stock price over the past year, the current valuation is seen as undervalued, presenting a favorable investment opportunity.
UBS has lowered its price target for Indusind Bank to INR600 from INR770, maintaining a Sell rating due to an accounting discrepancy of approximately 2.35% of net worth, or Rs16 billion. The bank's earnings estimates have decreased by 25% to 35%, and future earnings projections for fiscal years 2026 and 2027 have been cut by 14% and 15%, respectively. Concerns over limited growth, low return on equity, and leadership uncertainty may further impact the stock's value.
UBS has maintained a Sell rating on State Bank of India shares, setting a price target of INR 760, despite a third-quarter profit after tax of Rs 168.9 billion that exceeded expectations. Concerns include declining net interest margins and rising credit costs, alongside a lower core pre-provision operating profit compared to large private banks.Goldman Sachs also holds a Sell rating but has raised its price target to INR 780, citing potential challenges in loan growth and an anticipated increase in credit costs, particularly in the MSME and agriculture sectors. The bank's valuations have been re-rated, focusing on the narrowing spread between return on equity and cost of equity.
UBS analyst Vishal Goyal has reiterated a sell rating on State Bank of India shares, setting a target price of INR 760, despite the bank's third-quarter net profit of INR 168.9 billion exceeding expectations. Concerns remain over declining net interest income, rising deposit costs, and a projected slowdown in return on assets due to increasing credit costs. Goldman Sachs also maintains a sell recommendation, raising its price target to INR 780, citing challenges in loan growth and potential credit cost increases from rising defaults in key sectors.
Vishal Goyal
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ubs upgrades bank of baroda to buy raises target to inr290
17:30 03.04.2025
ubs lowers indusind bank target to inr600 maintains sell rating
17:29 03.04.2025
ubs maintains sell rating on state bank of india despite earnings beat
08:17 07.02.2025
ubs maintains sell rating on state bank of india despite profit beat
07:57 07.02.2025
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