HSBC cut its target price on HDFC Bank to Rs 830 from Rs 990 and said the lender needs a meaningful improvement in loan growth, margins and return on assets before the stock can reverse its recent underperformance.
HSBC cut its target price on HDFC Bank to Rs 830 from Rs 990 and said the lender needs a meaningful improvement in loan growth, margins and return on assets before the stock can reverse its recent underperformance.
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