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.
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