HDFC Bank is a conviction buy for TP of ₹ 2050 (26% upside): ICICI Direct

Discussion in 'Latest Brokerage Stock Buy-Sell Reports' started by Vidhi Khanna, Aug 5, 2023.

  1. Vidhi Khanna

    Vidhi Khanna Active Member Staff Member

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    HDFC Bank is a conviction buy. Historically, it has delivered consistent strong business growth coupled with superior return ratios. Post merger, growth to 17-18% with steady return ratio at 1.8-1.9% in FY24-25E is expected. TP is ₹ 2050 (26% upside)

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