Brokers Flag Mixed Q2 Signals: Can Fin Homes Steady, RBL Bank's Margins Mask Deposit Concerns, HCLTech Beats on AI-led Services

No exchange filings were analysed by Orivam today, so this wrap draws entirely on broker research published this morning. Three notes from HDFC Securities cover Q2FY27 earnings across housing finance, banking and IT services.

On Can Fin Homes, HDFC Securities' note says the company's Q2FY27 earnings came in largely in line with estimates. The broker attributes a temporary slowdown in disbursements to an ongoing technology transformation, which it expects to reverse from the third quarter, while noting that profitability metrics remain strong. HDFC Securities maintains a BUY rating with a target of INR 1,060.

On RBL Bank, the same broker's note describes strong headline PAT growth and NIM expansion, driven by equity infusion and FCNR(B) deposit mobilisation. However, the note flags structural handicaps in the bank's deposit franchise and in its asset-side profit pools. HDFC Securities rates the stock REDUCE with a target of INR 300.

On HCL Technologies, HDFC Securities says the Services and ER&D segments beat expectations, helped by strong traction in Advanced AI offerings and a record first-half total contract value, alongside margin expansion. The note cautions that guidance implies no acceleration in the second half, and the broker's estimates remain largely unchanged. HDFC Securities rates the stock ADD with a target of INR 1,370.

Taken together, today's coverage centres on Q2 earnings reactions from one broker across three names, with no new corporate filings processed by Orivam for the day.