HDFC Bank’s era of premium valuations is over

HDFC Bank’s era of premium valuations is over

Rare things do command a premium. So did HDFC Bank. In an era when Indian lenders were funding projects worth thousands of crores to secure quick growth, Aditya Puri’s HDFC Bank was chasing thousands of individual salaried men to fund their car and mobile phone purchases. His belief was that someone with a regular income … Read more

Is HDFC Bank stock up for re-rating after merger? Morgan Stanely cites 5 growth triggers

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