Hot Stocks: Brokerage view on ICICI Bank, IndiGo, Ola Electric and Bandhan Bank

Brokerage firms like IIFL and Jefferies have a buy rating on ICICI Bank, while CLSA has an outperform rating on Bandhan Bank. Meanwhile, Jefferies and HSBC also have buy ratings on IndiGo and Ola Electric, respectively.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

IIFL on ICICI Bank: Buy | Target price: Rs 1,480

IIFL upgraded ICICI Bank to Buy from Add, raising the target price to Rs 1,480 from Rs 1,370. The upgrade is due to: 1. The thesis of higher NIM pressure than peers has largely played out; 2. A significant pullback on operating expenses recently; 3. Asset quality is trending better than expected. Additionally, the valuation premium to HDFC has narrowed to 9% despite 20-25% higher profitability in FY26.

Jefferies on IndiGo: Buy | Target price: Rs 5,100

Jefferies has maintained a buy rating on the stock but cut the target price to Rs 5,100 from Rs 5,225. Q2 results missed expectations due to higher costs related to aircraft grounding. The AOG (aircraft on ground) impact peaked in the quarter, and capacity growth is expected to improve. While short-term yields were impacted, medium-term visibility is better.

HSBC on Ola Electric: Buy | Target price: Rs 110

HSBC has maintained a buy call on Ola but reduced the target price to Rs 110 from Rs 140. HSBC revisited Ola service stations, where the situation is improving, though it may still take time to fully normalize. The company is undertaking multiple initiatives to enhance service quality, but long-term product quality must remain a focus. HSBC cut estimates and the target price due to slower-than-expected e2W penetration and ongoing service issues.

CLSA on Bandhan Bank: Outperform | Target price: Rs 240

CLSA has maintained an outperform rating on the stock with a target price of Rs 240. Slippages have remained range-bound, a positive sign for the microfinance business. Secured loans are driving overall loan growth. With overhangs gone and fundamentals improving, CLSA expects the stock to re-rate.

Jefferies on ICICI Bank: Buy | Target price: Rs 1,550

Jefferies has maintained a buy rating on the stock and raised the target price to Rs 1,550 from Rs 1,460. Deposit growth has supported loan growth, while asset quality has held up better than expected. Operating efficiencies are boosting profits, keeping ICICI Bank among the top picks.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)