ADVERTISEMENT

'Buy' HDFC Bank Shares To Get An Upside Of 22% Says Motilal Oswal —Here's Why

Motilal Oswal maintains Buy rating on the stock with a target price of Rs 2,050 (premised on 2.3x FY27E adjusted book value + Rs 290 for subsidiaries).

<div class="paragraphs"><p>HDFC bank's asset quality remains broadly stable with PCR at ~70%.</p><p>(Photo: Vijay Sartape/NDTV Profit)</p></div>
HDFC bank's asset quality remains broadly stable with PCR at ~70%.

(Photo: Vijay Sartape/NDTV Profit)

HDFC Bank's asset quality remained strong with robust underwriting and risk-calibrated lending, evidenced by the gross on-performing asset/net-non performing asset ratios of 1.4%/0.5%, prudent provisions, and resilient asset quality across sectors.
To continue reading this story
You must be an existing Premium User
OUR NEWSLETTERS
By signing up you agree to the Terms & Conditions of NDTV Profit