Hot Stocks: Brokerage view on L&T Finance, Federal Bank, D-Mart and RBL Bank

Brokerage Citigroup maintained a sell rating on RBL Bank, Morgan Stanley maintained an underweight rating on L&T Finance, Citi has a sell rating on Federal Bank, and Macquarie maintained an outperform rating on D-Mart.We have collated a list of recommendations from top brokerage firms from ETNow and other sources:Citigroup on RBL Bank: Sell| Target Rs 257Citigroup maintained a sell rating on RBL Bank with a target price of Rs 257. The bank has seen a steep uptick in deposit growth. Loans sustained 19% YoY growth.The global investment bank believes that a large part of deposit flows would have accrued towards the end of the quarter.The net interest margins (NIMs) will moderate on a QoQ…
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Source: https://m.economictimes.com/markets/stocks/news/hot-stocks-brokerage-view-on-lt-finance-federal-bank-d-mart-and-rbl-bank/amp_articleshow/109021978.cms