Jefferies, Nirmal Bang and Morgan Stanley backed HDB Financial after its June-quarter results, citing improving margins and asset quality. Emkay stayed cautious on valuations, while analysts said faster growth in asset finance and enterprise lending will be key over the coming quarters.
Jefferies, Nirmal Bang and Morgan Stanley backed HDB Financial after its June-quarter results, citing improving margins and asset quality. Emkay stayed cautious on valuations, while analysts said faster growth in asset finance and enterprise lending will be key over the coming quarters.
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