Macquarie has maintained its Outperform rating on HDFC Bank with a target price of ₹1,900. Key highlights from its analysis include:
- The proposed listing of HDB Financial Services is expected to have a minimal 1%-3% impact on HDFC Bank’s market price.
- ROA is projected to be affected by higher credit costs and lower revenue from BPO services in the first half of FY25.
- Draft regulations by the RBI are seen as an overhang on the bank’s Sum-of-the-Parts (SOTP) valuations.
CMP: ₹1,712.95
Disclaimer:
This article is for informational purposes only and does not constitute financial advice. Readers are encouraged to consult a financial advisor or conduct their own research before making any investment decisions.
