Stocks To Buy: Mirae Asset Sharekhan has recommended its views on ICICI Bank, Wipro, PNB Housing Finance and HDFC Bank shares. Besides, the brokerage has also shared the target price. Let's look at the investment rationale and target price below:
ICICI Bank Share Price Target 2026
Mirae Asset Sharekhan has recommended BUY rating on ICICI Bank shares. The brokerage has set ICICI Bank share price target at Rs 1,700.
Sharekhan said that ICICI Bank closed FY26 on a strong note with accelerating loan growth, stable-to-improving-margins, benign credit costs and pristine asset quality. ICICI Bank is well-placed for sustainable growth. The brokerage has valued ICICI Bank at ~2.3x FY28E BVPS.
Wipro Share Price Target 2026
Sharekhan has maintained Hold rating on Wipro shares for a target price of Rs 220. Sharekhan has valued the Wipro at 15x P/E multiple, a modest discount to larger-cap IT peers but not compelling enough to warrant aggressive accumulation. Deal TCV conversion to revenue remains the key monitorable until execution consistency improves.
The brokerage said that it sees limited upside in Wipro and therefore recommends HOLD.
PNB Housing Finance Share Price Target 2026
Sharekhan has maintained positive stance on PNB Housing Finance shares after the results and set the target price at Rs 1,150. It estimates an 18.5 per cent CAGR in the loan portfolio over FY26-FY28, led by the affordable and emerging segments. NIMs are poised to improve in FY27 and FY28 on contribution by higher margin segments, corporate loans and lower funding costs amid higher credit ratings. Asset quality is expected to stay steady in FY27.
PNB Housing Finance valuation is attractive at 1.2x and 1.1x FY27E and FY28E BV.
HDFC Bank Share Price Target
Sharekhan has recommended Buy rating on HDFC Bank shares for a target price of Rs 1,025. Sharekhan said that HDFC Bank is at an inflection point where the heavy investments of the past five years should begin to translate into earnings momentum.
The NIM pressure persists due to uneven rate transmission and repricing of residual time deposits in 4-5 quarters should provide cost-of-funds relief. Asset quality is at a multi-year best and a 125-bps contingency provisioning buffer gives downside protection.
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