Jefferies screams buy on HDFC Bank, says valuation attractive after 25% dip

March 30, 2026

Jefferies maintains a bullish outlook on HDFC Bank, deeming its current valuation attractive after a significant stock decline. Despite recent concerns, the brokerage reiterates its ‘Buy’ rating, citing strong fundamentals and growth prospects. They believe the market has overreacted to governance issues, presenting a compelling investment opportunity with substantial upside potential.

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