Is HDFC Bank stock up for re-rating after merger? Morgan Stanely cites 5 growth triggers
Describing HDFC Bank stock as a compounder available at an attractive valuation, global brokerage firm Morgan Stanley expects loan growth and EPS growth to be around 17-18% YoY after FY24. MS has resumed its overweight rating on HDFC Bank with a target price of Rs 2,110, following which the stock rallied 3.2% to Rs 1,757.80 … Read more