Macquarie has maintained an outperform rating on HDFC Bank, setting a target price of Rs 1,900. While reported profits are expected to be weak year-over-year, NII is projected to grow by 14%, with NIMs expanding to 3.52%. Deposit growth is estimated to increase by approximately Rs 800 billion quarter-over-quarter.
Where does this FII find scope for 15% CAGR in earnings for next 3-4 years?
Vikas Pershad and Deepika Mundra from M&G Investments outline their investment strategies, focusing on sectors such as auto ancillaries, EMS companies, and defence. They emphasize
September 27, 2024