Buy HDFC Bank; target of Rs 2650: Sharekhan

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.

Broker Research

January 28, 2019 / 16:21 IST

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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.

Outlook

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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Broker Research

first published: Jan 28, 2019 04:21 pm

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