While earnings by the country s biggest private sector lender remained a concern, global brokerage CLSA has reiterated its ‘buy’ rating on the stock with a target of ₹2,025 per share, implying an upside of almost 38 percent.
Banking and financial stocks bled out on Wednesday with both the Nifty Bank index and the Nifty Financial Services index down over 2.5 percent each post HDFC Bank December quarter results, announced yesterday.