Hot Stocks: Brokerage view on HDFC Bank, SBI and IGL
- Posted on October 9, 2024
- By Business News Today
- 4 Views
Hot Stocks: Brokerage view on HDFC Bank, SBI and IGL
CLSA maintains a hold rating on HDFC Bank with a target price of Rs 1,725, while Nomura and Citi have buy ratings for SBI and IGL, respectively. HDFC Bank faces a dilemma akin to Shakespeare's Hamlet, choosing to sell down loans to address its high loan-deposit ratio, though this approach may not effectively repair its balance sheet and comes at the cost of profits.