Morgan Stanley remains overweight on the stock with a target price of ₹1,475 apiece. “Margin improved quarter-on-quarter despite higher rates,” Morgan Stanley said in a client note. “(The) management guided to growth acceleration and better loan mix, asset quality. We raise estimates while valuations are attractive at current levels.”
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj