Jefferies upgrades HDFC Bank to buy rating and believes in its growth prospects

From Google: 2024-12-30 07:21:09

Investment bank Jefferies has upgraded HDFC Bank to a “buy” rating, citing strong fundamentals and attractive valuations. The bank is now one of the top holdings in its India long-only equity portfolio, which consists of 22 stocks. Jefferies is optimistic about the bank’s growth prospects and believes it is well-positioned to benefit from the economic recovery in India. The bank’s stock has performed well in recent months, outperforming the broader market. Jefferies’ positive outlook on HDFC Bank reflects its confidence in the bank’s ability to deliver strong returns to investors.



Read more at Google: Jefferies turns positive on HDFC Bank; reveals 22 stocks of its India long-only equity portfolio | Stock Market News – Mint