Brokerages bullish on HDFC Bank; stock gains

Brokerages are bullish on HDFC Bank as they revised target price of the bank on higher side. UBS has increased target to Rs 2500 from Rs 2400, RBS raised target to Rs 2574 from Rs 2551, Morgan Stanley raised target to Rs 2650 from Rs 2550, DB has raised target to Rs 2610 from Rs 2525 and Credit Suisse has increased target to Rs 2738 from Rs 2499, reports CNBC-TV18.

HDFC Bank touched an intraday high of Rs 2,360 and an intraday low of Rs 2,334.45. At 09:34 hrs the share was quoting at Rs 2,345.30, up Rs 29.60, or 1.28%.
 
It was trading with volumes of 33,699 shares. In the previous trading session, the share closed down 1.89% or Rs 44.50 at Rs 2,315.70.