has broken out of short-term resistance near ₹3,300 with solid buying interest. RSI near 68 confirms bullish momentum with strong trend alignment. Sustaining above ₹3,300 can lead to ₹3,450–₹3,500 levels; support lies around ₹3,220.
Fundamental View:
Q2FY26 earnings showed 12% YoY loan book growth, supported by firm gold prices and improved demand from southern markets. NIMs remained steady above 13%, and asset quality improved with GNPA down to 1.2%. The company’s pivot toward personal loans and microfinance subsidiaries could diversify earnings further. Its strong brand trust and high liquidity cushion enhance stability even in volatile markets.
Analyst Rating:
Consensus remains BUY, citing robust return ratios (ROE ~25%) and sustainable growth trajectory. Target: ₹3,550 (≈7% upside) | Stop-loss: ₹3,200.