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Buy-Case Builds As HDFC Bank Advances After Results
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HDFC Bank gained after results as analysts highlighted undemanding valuations, improving deposits, and resilient asset quality.
Shares of HDFC Bank edged higher following its quarterly update, with several brokerages reiterating constructive views on valuation. Analysts argued the stock remains undervalued relative to long-term return potential, citing improving deposit traction and stable asset quality. Target prices clustered near ₹1,850 featured in research commentary discussing net interest margins and operating metrics. The move aligned with selective accumulation in large private-sector lenders despite broader market volatility. Portfolio managers emphasized monitoring loan growth mix, CASA trends, and credit costs to calibrate expectations.