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.
Investors seek clarity, would be happier if PB Fintech remains less capital intensive: Manas Agrawal, Bernstein
I think investor communication on that front would be helpful in cooling off speculation. And I think the stock has now stabilised. But the last