Mid‑sized lenders and small finance banks also feature prominently in the report. Federal Bank has been given a target of Rs 320, implying a potential upside of 26 per cent, while AU Small Finance Bank carries a target of Rs 1,160, representing an estimated 37 per cent upside. Ujjivan Small Finance Bank is among the most bullish calls, with a target of Rs 74, pointing to a return potential of about 45 per cent.
