UBS downgraded SBI Cards to a sell rating, setting a target price of Rs 620 due to weak Q1 performance. Nomura kept a neutral stance on IndusInd Bank, reducing the target to Rs 1,580. Morgan Stanley and Macquarie maintained positive views on ICICI Bank, increasing their target prices to Rs 1,500 and Rs 1,300, respectively.
2 top stock recommendations from Dhwani Patel
Bank Nifty has breached the 48,800 level and is trading higher, with expectations of reaching 49,225. Autos, metals, and PSU banks are leading gains, with