Sharekhan is bullish on HDFC Bank has recommended buy rating on the stock with a target price of Rs 2650 in its research report dated January 21, 2019.
Sharekhan's research report on HDFC Bank
The core cost-to-income ratio (C/I) for HDFC Bank further improved to 39.5%, along with stable NIMs, strong growth trajectory continues. Strong traction from digital channels adds to business moat, along with strong underwriting capabilities further positive.
We maintain our Buy rating on the stock of HDFC Bank with a revised PT of Rs. 2,650.
For all recommendations report, click here
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