The brokerage is bullish on the premise that “that faster deposit accretion for HDFC Bank from a system standpoint may be achievable, while grandfathering of bank borrowings may be permitted. Unsecured share in the merged entity might remain between 11-12 per cent, as the mortgage portfolio (higher ticket size) would grow aggressively.
BlackBuck gets Buy rating as Ambit sees strong growth ahead, values stock at Rs 885
Ambit Capital initiated coverage on Zinka Logistics, parent of BlackBuck, with a Buy rating and Rs 885 target price. The brokerage highlighted BlackBuck’s emergence as
