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