scorecardresearchEmkay Global reduces target price of HDFC Bank; here's why

Emkay Global reduces target price of HDFC Bank; here's why

Updated: 24 May 2022, 11:49 AM IST
TL;DR.
  • Even though the brokerage firm has maintained the buy call on the stock due to comfortable valuations, it has cut the target price to 1,800 from 1,950 and said that the regulatory drag will hurt the near-term return on equity (RoE).
Emkay said HDFC Bank has allayed concerns on growth on the large balance sheet post-merger.

Emkay said HDFC Bank has allayed concerns on growth on the large balance sheet post-merger.