HDFC Bank Ltd., IndusInd Bank Ltd., and Interglobe Aviation Ltd. were among the top companies on brokerages’ radar on Monday.

According to Citi, acquisition of new customers, seasoning of branches will help HDFC Bank grow deposits faster than the system and gain market share.

In addition, the brokerage met with IndusInd Bank to understand the latest business developments and near-to-medium term priorities.

NDTV Profit tracks what analysts are saying about various stocks and sectors. Here are the analyst calls to keep an eye out for on Monday.

Goldman Sachs On Cement Sector

  • Cement prices saw healthy increases in April and May despite lower-than-expected volumes.

  • This has led to improved spreads and a sequential rise in Ebitda per tonne by Rs 120–Rs 200.

  • Although pet coke prices increased by $15–$20 per tonne since December, there has been a subsequent cooling-off.

  • Despite recent capacity additions, pricing trends remain positive.

  • Going forward, demand recovery will be crucial for sustaining outer-year street estimates.

  • As the monsoon season approaches and volumes soften, market focus will shift to price behavior amid rising supply.

Jefferies On Indian Hotels

  • Jefferies maintained a ‘buy’ rating on Indian Hotels with a target price of Rs 980.

  • Management highlighted the scale-up and transformation achieved over the past eight years.

  • The company is focusing on topline diversification to hedge against cyclicality in the hospitality sector.

  • Jefferies reaffirmed a positive outlook on the demand-supply cycle in India’s hospitality industry.

  • The management has maintained double-digit revenue growth guidance for financial year 2026.

  • The company reiterated its fiscal 2030 goals, which include doubling its portfolio and consolidated revenues, expanding new or reimagined businesses, and targeting an asset-light mix of approximately 75%.

Jefferies On Ambuja Cement

  • Jefferies maintained a ‘buy’ rating on Ambuja with a target price of Rs 700.

  • Management remains confident in reaching the cement capacity target of 140 MTPA by fiscal 2028.

  • It expects industry demand to recover to 7–8% in financial year 2026.

  • Ambuja continues to guide towards achieving cost savings of Rs 450- Rs 500 per tonne by fiscal 2028.

  • On pricing trends, management noted improvements over the past few months.

Jefferies On Sai Life Sciences

  • Jefferies maintained a ‘hold’ rating on Sai Life Sciences with a target price of Rs 800.

  • The company is experiencing strong traction in its Contract Development and Manufacturing Organisation segment, with multiple development projects underway and increasing interest from Big Pharma.

  • Its Contract Research Organisation revenues have tripled since financial year 2020, and growth is expected to remain resilient.

  • Sai Life is investing in oligonucleotides and peptides, with pilot-scale manufacturing capabilities.

  • CDMO capacity is projected to expand by approximately 50–60% over the next two years.

Jefferies On IndiGo

  • Jefferies maintained a ‘buy’ rating on IndiGo with a target price of Rs 6,300.

  • Management reiterated strong long-term tailwinds for aviation growth in India.

  • IndiGo is maintaining cost leadership and timely fleet orders, particularly amid sector consolidation.

  • The international segment is a key driver of growth, supported by new fleet additions and expanded routes.

  • The company is expanding its geographical footprint and customer base through recent strategic initiatives.

Citi On IndusInd Bank

  • Citi maintained a ‘sell’ rating on IndusInd Bank with a target price of Rs 700.

  • Management discussions centered around recent business developments and medium-term priorities.

  • The board is focused on appointing a new CEO, ensuring fundamental stability, correcting discrepancies, and strengthening internal controls.

  • Reviews and investigations (internal and external) have concluded, and findings have been submitted to the board.

  • Measures have been implemented to prevent erroneous tagging in microfinance loans.

  • Operationally, there is no disruption on the ground, and the deposit book has stabilised post the March outflow.

  • However, contractual repayments and bulk deposit redemptions are likely to exceed new deposit inflows.

  • Net interest margins may be pressured due to excess liquidity and reduced exposure to high-yielding assets.

  • There is scope to reduce deposit rates, given surplus liquidity, and fee income remains stable despite cutting high-cost fee components.

Citi On HDFC Bank

  • Citi maintained a ‘buy’ rating on HDFC Bank with a target price of Rs 2,200.

  • Management reaffirmed confidence that the growth and return on equity gap versus peers will narrow.

  • Repricing of the EBLR (External Benchmark Lending Rate) portfolio is expected to weigh on NIMs in H1, though levers exist to mitigate the impact in H2.

  • NIMs are expected to improve over the cycle.

  • The bank aims to end financial year 2026 with loan growth aligned with the system average.

  • Growth will be driven by SME, business banking, retail, and unsecured lending segments, with no expected drag from corporate loan run-downs.

  • Enhanced customer acquisition and maturing of newly added branches are expected to support deposit growth above the system average, aiding market share expansion.

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. Read more on Markets by NDTV Profit.Citi met with IndusInd Bank to understand the latest business developments and near-to-medium term priorities.  Read MoreMarkets, Business, Notifications 

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