Goldman Sachs maintained its buy rating on Reliance Industries with the target price at Rs 1,910. Analysts said the company reported Jan-March (Q4FY26) earnings before interest, taxes, depreciation and amortisation (EBITDA) miss due to weak oil-to-consumer (O2C) margin capture, while high crude premiums and logistics costs offset strong product cracks. Analysts expected sequential margin recovery in the coming quarters. They also said that the retail growth was strong, but margins were impacted by quick commerce. They also feel the company’s integrated model would benefit from tightening downstream environments. And feel that the earnings recovery would be led by refining and chemicals normalization. Nomura has a buy rating on Axis Bank with the target price at Rs 1,560. Analysts said that in Q4FY26, the bank’s credit cost beat salvaged a soft-core quarter. It reported that pre-provision operating profit (PPOP) was below estimates while profit after tax (PAT was in line. The bank also reported a strong improvement in asset quality while its robust loan growth was driven by the corporate segment. They feel the bank’s valuations look attractive. HSBC has a buy rating on Shriram Finanace with the target price at Rs 1,200. Analysts said that the company’s Q4FY26 earnings beat was driven by strong operating cost control, resulting in sharp expansion in return on assets (RoAs). They also feel that uncertain macro environment and a weaker monsoon would be key monitorables for growth and asset quality outlook. They expect lower assets under management (AUM) compounded annual growth rate (CAGR) to 16% over FY26-FY28, down from 18% earlier, amidst expectations of weaker monsoon and slowdown in vehicle sales. However, this impact would be more than offset by lower operating cost assumptions over FY27-FY28, they said. Jefferies has a buy rating on IndusInd Bank with the target price at Rs 1,100. Analysts said that the bank’s performance in Q4FY26 was encouraging with earnings ahead of estimates aided by lower credit cost and higher treasury gains. Profit of Rs 500 crore was ahead of estimates. The ladership team and the board-resets are largely done, and from now on the quality of collaboration will be the key. Analysts expect uptick in growth and improvement in profitability. They lifted estimates and said upsides can come from better treasury and lower opex. UBS has a sell rating on IDFC First Bank with the target price at Rs 70. Analysts said the bank’s PAT was impacted by multiple one-offs while its asset quality improved sequentially. They also said that the bank’s loan growth remained steady, while margins expanded by 17 basis points over the quarter. Management guided for improvement in deposits and expected margins to remain stable. Analysts cut margin assumptions and fee income but also lowered opex. (Disclaimer: Recommendations and views on the 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)