Business

Top Picks for Investors: Axis Bank, Tech Mahindra, and More Under Brokerage Radar This April

Axis Bank: A Closer Look

Morgan Stanley rates Axis Bank as 'overweight' with a target price of Rs 1,300. Despite subdued earnings and muted loan and deposit growth, analysts see potential for improvement in asset quality in the coming quarters.

Axis Bank, Tech Mahindra & more: Top stocks on brokers' radar for April 28

SBI Life and SBI Cards: Positive Outlook

Jefferies recommends a 'buy' for SBI Life, targeting Rs 2,000, citing a positive surprise in the value of new business growth. Goldman Sachs echoes a 'buy' sentiment for SBI Cards, with a target of Rs 1,006, highlighting an improvement in credit costs.

Tech Mahindra and Rallis India: Caution Advised

Citigroup suggests a 'sell' for Tech Mahindra, pointing to below-expectation revenues, while HSBC advises a 'reduce' on Rallis India due to missed estimates and domestic pricing pressures.

Disclaimer: The views expressed are those of the brokerages and not of The Times of India. Consult a financial advisor before making investment decisions.