Goldman Sachs has maintained buy rating on Reliance Industries with a target price of Rs 1,910. Analysts said the company reported earnings before interest, taxes, depreciation and amortization (EBITDA) for January-March (Q4FY26) due to weak oil-to-consumer (O2C) margin capture, while higher crude premiums and logistics costs offset strong product cracks. Analysts expect gradual margin recovery in the coming quarters. He also said retail growth was strong, but margins were impacted by accelerated commerce. He also believes the company’s integrated model will benefit from strengthening its downstream environment. And he believes the improvement in earnings will be due to normalization of refining and chemicals. Nomura recommends buying Axis Bank with a target price of Rs 1,560. Analysts said that in Q4FY26, the bank’s credit costs saved the 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 strong loan growth was driven by the corporate segment. They feel the bank’s valuations look attractive. HSBC recommends buy on Shriram Finance with a target price of Rs 1,200. Analysts said the company’s Q4FY26 earnings were driven by strong operating cost controls, resulting in a sharp expansion in return on assets (ROA). They also believe that the uncertain macro environment and weak monsoon will be key monitoring factors for the growth and asset quality outlook. They expect assets under management (AUM) compound annual growth rate (CAGR) to decline to 16% during FY26-28 from 18% earlier amid expectations of a weak monsoon and a slowdown in vehicle sales. However, the impact will be much greater than the lower operating cost projections during FY27-FY28, he said. Jefferies recommends buy on IndusInd Bank with a target price of Rs 1,100. Analysts said the bank’s performance in Q4FY26 was encouraging with earnings ahead of estimates due to lower credit costs and higher treasury gains. The profit of Rs 500 crore was much more than expected. The leadership team and board-reset work has been largely completed and the quality of collaboration will be important from now on. Analysts expect growth to accelerate and profitability to improve. He withdrew the estimate and said better fiscal space and lower operating expenses could lead to an uptick. UBS has given sell rating on IDFC First Bank with a target price of Rs 70. Analysts said the bank’s PAT took a lumpy hit at times, while its asset quality improved sequentially. He also said the bank’s loan growth remained stable, while margins expanded by 17 basis points during the quarter. Management guided for improving deposits and expecting margins to remain stable. Analysts cut margin estimates and fee income, but also cut opex. (Disclaimer: The recommendations and views given by experts on the stock market, other asset classes or personal finance management are their own. These opinions do not represent the views of The Times of India)