HDFC Bank trades higher as HSBC maintains buy; check the target price
HDFC Bank share price: Shares of the country’s leading lender, HDFC Bank, since its reverse merger with the parent company, HDFC, on July 1, 2023, have dropped a significant 16 per cent. And now, ever since its Q3 results were released on January 16, 2024, the lender’s shares have continued to languish on several of the concerns.
The brokerage further maintained the multiple at 2.7x and revised the TP to Rs 2,000 from Rs 2,025.