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Last Updated : Jan 28, 2019 04:21 PM IST | Source: Moneycontrol.com

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.

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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


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.




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First Published on Jan 28, 2019 04:21 pm
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