IndusInd Bank, Jeffers, Citigroup and Goldman Sachs: Top Stock Recommendations for May 19

The CLSA put the IndusInd Bank down to capture it with a target of Rs 780. Analysts said the audit report released last week said that Rs 674 crore was wrongly recorded as interest income during the nine-month financial year of April-December and would be reversed in the January-March quarters of FY25.Apart from this, ‘other assets’ and ‘other liabilities’ were inflated with Rs 600 crore on its balance sheet. Adjustment for additional interest income of Rs 674 crore means that its main net interest margin (NIM) was 17 basis points lower than its reported NIM. Analysts cut the bank’s FY25 net profit estimate of 22% and due to NIM compression and low increase, FY26-27 net profit estimates 13% -17%.Jeffers has made a purchase on LIC Housing Finance with a target price at Rs 700. Analysts stated that the net profit of the hostage lender for the mass-march quarter was in line with estimates, as better net interest income (NII) and high other income were offset by high operaks and Siddhas. Under the management, its assets rose 7.3% on an annual basis, while the disbursement increased by 5%. The low cost of NIM funds increased 16 basis points on a quarterly basis.Citragroup has purchased Rs 2,150 with a target price on PB Fintech. Analysts stated that the company’s net profit for the Jan-March quarter has estimated. In addition, a sharp decline in negligible taxes and ESOP expenditure in collaboration with improvement in margin and strong back book growth aid advantage. He said that fast moderation in savings led the 22% annual growth in the overall core fresh business.Goldman Sachs has made a purchase at Neouland laboratories with a target price of Rs 14,775. Analysts expect the company’s topline to accelerate about 30% or more on an annual basis in FY26. This is expected to be operated by mudification of the extended unit III for high supply, commercialization of cobenfi and a potential fourth molecule, and the launch or approval of new niche molecules in special APIs.Nomura has a neutral rating on Apollo tires, with a target price of Rs 490. Analysts feel that the company’s development recovery remained a sub-bucket with quarterly numbers below the estimates. They see the risk for recovery of development from weaker commercial vehicles and demand demand. However, he said that commodity telvinds are largely spread.Disclaimer: The opinion, analysis and recommendations expressed here are of brokerage and do not reflect the views of the Times of India. Always consult a qualified investment advisor or financial planner before taking any investment decision.