Morgan Stanley maintained its overweight rating on Bajaj Finance with target price at Rs 1,120 versus Rs 1,090 earlier. The major NBFC’s adjusted earnings before tax for the January-March quarter (Q4FY26) rose 26% year-on-year (YoY) and was ahead of estimates, analysts said.
The company’s credit costs improved sharply as the formation of bad loans declined. Management has guided assets under management (AUM) for FY27 to grow at 22-24%, while net credit cost guidance for the year is at 145-160 basis points (100 basis points = 1 percentage point).Jefferies has a Buy rating on Navin Fluorine with a target price of Rs 8,385. In Q4FY26, the company posted a strong beat with earnings before interest, tax, depreciation and amortization (EBITDA) growth of 19% and profit after tax (PAT) growth of 30% (both ahead of its estimates), driven by strength in the specialty chemicals, contract development and manufacturing organization (CDMO) segments, analysts said.
Multi-year contracts in CDMO and agrochemicals, potential ramp-up of data center cooling products and R32 capacity expansion provide a clear view of earnings growth over FY27-28. The company’s balance sheet is net cash positive.HSBC buys IIFL Finance with a target price of Rs 550. The company reported strong numbers for Q4FY26 with good growth in assets under management (AUM), improving asset quality, and a healthy return on equity (RoE) of around 18%, analysts said.
IIFL Finance is witnessing a strong earnings cycle as it will benefit from MFI cyclicality and pick-up growth in housing finance, they said. Analysts also raised the company’s earnings estimates for FY27-28 on the back of lower credit cost expectations.JP Morgan has a neutral rating on the Fed with a target price of Rs 305. The bank’s Q4FY26 core net profit of Rs 1,150 crore rose 11% year-on-year, broadly in line with estimates, analysts said.
Recurring net interest income (NII) rose 14% year-on-year to Rs 2,720 crore, with core net interest margin (NIM) rising by 2 basis points in the quarter to 3.20%. The bank holds a 19.72% market share of remittances as of April to December of fiscal 2026, a metric that analysts will track closely in light of the ongoing conflict in West Asia.
At current valuations, the stock appears to be fairly valued.Nomura buys Waaree Engineering with a target price of Rs 3,750. Analysts said the company’s Q4FY26 revenue beat their estimates and consensus by 12%, driven by higher volumes. However, EBITDA beat all estimates as gross profit margin contracted sharply. The company’s management shared EBITDA guidance of Rs 7,000 crore – Rs 7,700 crore for FY27 and its board approved a fund raise of Rs 10,000 crore.(Disclaimer: Recommendations, opinions regarding stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times Of India)
