InCred Equities lists HDFC Bank, among 9 other stocks as top 10 high conviction picks. Check full list
InCred notes that recent upgrades in system credit growth estimates and stronger-than-expected loan growth could work in HDFC Bank’s favour. It assigns an ‘ADD’ rating with a target price of Rs 1,125, based on a valuation of ~2.5x FY27F core P/BV. The brokerage firm highlights the bank’s robust management, consistent market share gains, and resilient underwriting through credit cycles. It believes strong deposit momentum, stable asset quality, and relatively better margin delivery compared to peers will be key drivers of the stock’s potential re-rating.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) HDFC Bank | Rating: ADD | Target Price: Rs 1,125
InCred notes that recent upgrades in system credit growth estimates and stronger-than-expected loan growth could work in HDFC Bank’s favour. It assigns an ‘ADD’ rating with a target price of Rs 1,125, based on a valuation of ~2.5x FY27F core P/BV. The brokerage firm highlights the bank’s robust management, consistent market share gains, and resilient underwriting through credit cycles. It believes strong deposit momentum, stable asset quality, and relatively better margin delivery compared to peers will be key drivers of the stock’s potential re-rating.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) HDFC Bank | Rating: ADD | Target Price: Rs 1,125
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