HDFC Bank Watchlist
HDFC Bank: Stable Quarter; Maintain BUY
133 Views, 18 Jan 2022 17:23
- HDFC Bank’s (HDFCB) Q3FY22 earnings performance was stable, albeit with marginal lags
- The management commentary was highly positive on growth pick-up in Retail/Rural/SME/Commercial segments
- We maintain a BUY on the stock with a revised target price of Rs 1985/share (SOTP basis core book at 3.5x FY24E and Rs 70 Subsidiary Value).
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