Buy, Sell or Hold: Motilal Oswal remains neutral on Bajaj Finance; Antique raises Canara Bank's target price
Recent stock updates reflect divergent views across financials and specialty chemicals. While
Motilal Oswal
is cautious on
Bajaj Finance
due to MSME headwinds and limited valuation upside, it acknowledges the company's stable core performance and strong return metrics.
Explore courses from Top Institutes in
Please select course:
Select a Course Category
Technology
Cybersecurity
Design Thinking
PGDM
Digital Marketing
Data Science
Public Policy
others
Data Science
Degree
CXO
Management
Finance
Healthcare
MCA
Leadership
Artificial Intelligence
Project Management
MBA
Data Analytics
Operations Management
Others
Product Management
Skills you'll gain:
Duration:
12 Weeks
MIT xPRO
CERT-MIT XPRO Building AI Prod India
Starts on
undefined
Get Details
In contrast,
Antique
is upbeat on
Canara Bank
, citing strong other income and sustained return ratios, leading it to raise earnings estimates and the target price.
Meanwhile,
Nuvama
sees tailwinds for
SRF
, supported by a capex revival and continued strength in its specialty chemicals business, prompting a higher target price and a positive growth outlook.
Brokerage Recommendations Snapshot
Motilal Oswal on Bajaj Finance: Neutral | Target Price: Rs 1,000
Motilal Oswal has maintained a 'Neutral' rating on Bajaj Finance with a target of Rs 1,000. The brokerage noted that while the company's core performance remains steady, challenges in the MSME segment persist.
Credit costs are expected to stay below the guided upper limit, offering some comfort. PAT estimates for FY26 and FY27 remain largely unchanged. The firm projects a 24% CAGR in AUM and a 25% CAGR in PAT over FY25–27, with estimated RoA of ~4.1% and RoE of ~21% by FY27.
Antique on Canara Bank: Buy | Target Price: Rs 140 (from Rs 135) | LTP: Rs 113 | Upside: 23%
Antique has reiterated a 'Buy' rating on Canara Bank, raising its target to Rs 140, implying a 23% upside from the current market price of Rs 113.
Despite a miss on Net Interest Income (NII), the bank delivered a PAT beat, driven by strong other income. RoA remains above 1% and is expected to sustain in FY26–27. Antique revised its earnings estimates upward by 11% for FY26 and 3% for FY27.
Nuvama on SRF: Buy | Target Price: Rs 3,622 (from Rs 3,393) | LTP: Rs 3,144 | Upside: 15%
Nuvama has reaffirmed a 'Buy' rating on SRF and raised its target price to Rs 3,622, indicating a 15% upside.
The bullish outlook is supported by signs of a capex revival and strong performance in specialty chemicals. The BOPP segment also remains strategically important. SRF has planned capex of Rs 2,400–2,500 crore for FY26E and maintains a 20% growth guidance for its chemicals business amid improving demand sentiment.
(
Disclaimer
: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of The Economic Times)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
First Post
6 minutes ago
- First Post
Trump's 50% tariffs fail to hit $30 bn of Indian exports: Pharma, smartphones exempted
Despite US President Donald Trump's decision to double tariffs on Indian goods to 50% from August 6, a major chunk of Indian exports worth nearly $30 billion remains untouched for now. Key sectors like pharmaceuticals and electronics including smartphones and semiconductors continue to enjoy exemptions under a carve-out list that shields them from higher duties. The tariff hike, justified by the Trump administration as a response to India's continued procurement of Russian energy and arms is expected to impact India's labour-intensive export segments. However, shipments of critical products such as medicines, mobile phones and energy supplies have been spared at least for the moment. STORY CONTINUES BELOW THIS AD In FY25, India exported pharmaceuticals and electronics worth $10.5 billion and $14.6 billion respectively to the US, together accounting for over 29% of its total exports to America which stood at $86.5 billion. Interestingly, India's petroleum exports amounting to $4.09 billion have also been excluded from the latest tariffs due to their placement in the energy exemption list. These high-value categories had previously escaped the initial 25% tariff announced on July 30 as well. While these exemptions offer temporary relief, uncertainty remains. Trump has warned of tariffs going as high as 250% on foreign-manufactured pharmaceuticals and the status of smartphones may shift depending on future policy decisions. The executive order signed on August 6 clarified that all goods currently listed under exemptions would continue to receive preferential access to the US market at lower or zero tariffs. The original 25% tariff was introduced after talks to finalise a limited trade deal between the two countries collapsed. That move, which takes effect on August 7, paved the way for this latest escalation. India and the US are still working towards concluding a broader Bilateral Trade Agreement (BTA), targeted for finalisation by the end of the year.
New Indian Express
6 minutes ago
- New Indian Express
'Economic blackmail': Rahul Gandhi slams Trump's 50 per cent tariff on India
NEW DELHI: Leader of Opposition in Lok Sabha Rahul Gandhi on Wednesday said US President Donald Trump's 50 per cent tariff on Indian goods is "economic blackmail" to bully India into an unfair trade deal. Soon after Trump announced a penalty of another 25 per cent on India for buying Russian oil, the former Congress president said Prime Minister Narendra Modi should not let Indian interests be overridden. "Trump's 50% tariff is economic blackmail - an attempt to bully India into an unfair trade deal. "PM Modi better not let his weakness override the interests of the Indian people," Gandhi said in a post on X.
Time of India
6 minutes ago
- Time of India
India Unites Against Trump's ‘ECONOMIC BLACKMAIL': PM Modi, Rahul Gandhi, Tharoor BLAST US Tariffs
India's SHOCK Reply To Trump's 50% Tariffs; Fires 'Will PROTECT National Interests' Warning In a strongly worded statement, India's Ministry of External Affairs (MEA) sharply rejected the United States' new 25% tariff on Indian imports tied to Russian oil purchases—calling it 'unfair, unjustified, and unreasonable.' The MEA clarified that India's energy imports are driven by market dynamics and national interest, aimed at securing reliable, affordable energy for its 1.4 billion citizens. India noted that many other countries—including China, Turkey, and the EU—are also continuing trade with Russia, yet are not being targeted in the same way. 7.1K views | 1 hour ago
