Brokers issue stock recommendations for March 26

Several stock brokers have made recommendations for investors on March 26. CLSA has given Bandhan Bank a strong rating, setting a target price of Rs 220. They note the bank's focus on increasing secured assets and improving technology. The bank aims to achieve a return on assets of 1.8-2% by the end of FY27. Jefferies has kept its ‘buy’ rating on Infosys but has lowered the target price to Rs 1,835 from the previous Rs 2,150. Analysts believe the company can manage risks despite slower growth. They have adjusted earnings estimates down by 2-4%, but still see value in the stock. HDFC Securities recommends DLF with a target price of Rs 988. Analysts highlight DLF's strong position in luxury real estate in NCR. The company has a robust land bank and expects to generate substantial cash flow over the next two decades. UBS has a ‘buy’ recommendation for Shyam Metalics & Energy, setting a target price of Rs 1,175. The company, which is the second largest aluminium foil manufacturer in India, stands to benefit from new anti-dumping duties on imports from China. ICICI Securities has started coverage of Suven Pharmaceuticals, rating it as a ‘buy’ with a target price of Rs 1,400. Analysts note the company's quick growth in the contract development and manufacturing sector, particularly with a merger with Cohance expected to finalize soon.