Brokerages turn bullish on HDFC Bank after sharp 26% correction
- Posted on March 31, 2026
- By Business News Today
- 5 Views
Brokerages turn bullish on HDFC Bank after sharp 26% correction
JP Morgan and Jefferies have upgraded HDFC Bank, citing attractive valuations after a significant share price decline. Both brokerages see a favorable risk-reward, with JP Morgan highlighting a strong core franchise and Jefferies pointing to potential re-rating catalysts like board clarity and CEO term rollover.
