Tuesday, October 2, 2018

M S ups target on HDFC Bank

Image result for hdfc bank

Morgan Stanley  has raised the target on India's premier private sector bank, HDFC. It says that is overweight on attractive valuations after the recent correction, strong balance sheet, and expectations of strong loan growth in several segments.

In a bull case scenario, the research house expects the stock to rise to Rs 3,020 over a one year period up around 51 percent  from CMP. 

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