Hot stocks: Brokerage views on United Spirits, HDFC Bank, ICICI Bank and PB Fintech

September 27, 2024

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.

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