Brokerage recommends buying HDFC bank shares after Q1 earnings; check out target
HDFC Bank share price target: The brokerage believes that HDFC Bank's LDR i.e. loan-to-deposit ratio will remain high for the next 6-7 quarters. Balance sheet improvement can also take time. All kinds of negative factors have already entered the stock. Nuvama has given a target of Rs 1,850 with a 'buy' rating.
![Brokerage recommends buying HDFC bank shares after Q1 earnings; check out target](https://cdn.zeebiz.com/sites/default/files/2024/07/21/305939-2.png?im=FitAndFill=(1200,900))
The HDFC stock last traded at Rs 1,607.1 each, down 0.46 per cent on Friday on BSE. Image: Pixabay | Representational