The pressure is unlikely to ease soon. Analysts said the recent US tariff hikes, sluggish global demand, and sector-specific challenges could trigger further downgrades in the coming quarters.
CLSA flags margin recovery ahead for HDFC Bank, predicts 27% headroom despite weak start to the year
CLSA has reiterated its “Outperform” rating on HDFC Bank, setting a target price of ₹1,200 and implying over 27% upside from current levels despite recent