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Brokers bullish on HDFC Bank, Exide & CIL; suggest selling BHEL

Fri, Jun 15, 2012 at 08:52

| Source: CNBC-TV18
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HDFC Bank

Brokerage: CLSA

Rating: Buy

Target: Rs 640

Rationale: The bank has seen faster growth in retail loans like gold loans and commercial vehicle credit. However, the segment also poses asset quality risks, agricultural NPL ratio almost doubled to 0.9% of loans. The quality of execution will be critical for asset quality and profitability.

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