Biggest Pvt. Bank: Brokerages Recommend ‘BUY’ On HDFC Bank

Brokerage Houses like YES Securities, Emkay Global Financial, Sharekhan and ICICI Direct are bullish on HDFC Bank after Q3 results and recommended BUY ratings with up to 27% upside targets.

ICICI Direct has given a BUY recommendation with a 21% upside target of Rs 1920 on HDFC Bank in its research report dated January 15, 2023.

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HDFC Bank is expected to deliver higher than industry growth along with RoA of 2% in FY25E. ICICI Direct revise its target price from 1750 to 1920/share.

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Emkay Global Financial has given a BUY recommendation with a 21.5% upside target of Rs 1925 on HDFC Bank in its research report dated January 15, 2023.

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Emkay Global Financial retain their long-term BUY, with a revised TP of Rs1,925/share.

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YES Securities has given a BUY recommendation with a 27% upside target of Rs 2020 on HDFC Bank in its research report dated January 14, 2023.

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Sharekhan has given a BUY recommendation with a 21% upside target of Rs 1920 on HDFC Bank in its research report dated January 14, 2023.

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Stock trades at 3.0x/2.6x/2.2x its FY2023E/24E/25E core BV estimates. Sharekhan maintains its buy rating with a revised PT of Rs.1920.

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Disclaimer: The views and investment suggestions expressed on Admotg Finance are not those of the website or its management. These reports are taken from the research reports of brokerage houses. Admotg Finance advises users to check with certified experts before taking any investment decision.

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