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Buy HDFC Bank; target of Rs 2020: YES Securities

YES Securities is bullish on HDFC Bank has recommended buy rating on the stock with a target price of Rs 2020 in its research report dated January 14, 2023.

January 16, 2023 / 01:14 PM IST
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YES Securities' research report on HDFC Bank

Overall loan growth was dragged lower owing to HDFCB not finding wholesale loan pricing inadequate during the quarter (2) Opex ramped up materially driven by branch openings and employee addition, among other factors (3) Asset quality outcomes remained under control as the bank largely held on contingent provisions as a matter of abundant caution.


We reiterate BUY rating on HDFCB with a revised price target of Rs 2020

For all recommendations report, click here

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HDFC Bank - 16 -01-2023 - yes

Broker Research
first published: Jan 16, 2023 01:14 pm