scorecardresearchBrokerages upbeat on HDFC Bank stock, see an up to 47% upside; here's why

Brokerages upbeat on HDFC Bank stock, see an up to 47% upside; here's why

Updated: 02 Jun 2022, 04:29 PM IST
TL;DR.
  • Brokerages appear impressed by the management commentary on how the bank is getting future ready, with a focus on strengthening its digital capabilities and sustainable profitable growth.
Brokerage firms highlighted that HDFC Bank is aiming to double the post-merger balance sheet in five years and expects an eventual steady-state RoA of 2 percent given the merger benefits. Photo: Reuters.

Brokerage firms highlighted that HDFC Bank is aiming to double the post-merger balance sheet in five years and expects an eventual steady-state RoA of 2 percent given the merger benefits. Photo: Reuters.