HDFC Bank Shares Touched Fresh Record High - Dollar Advisory & Financial Services

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Tuesday 25 July 2017

HDFC Bank Shares Touched Fresh Record High

HDFC Bank shares touched fresh record high of Rs 1,756 following thumbs up from brokerage houses post better-than-expected earnings despite farm loan waiver concerns.

Jefferies has upgraded the stock to buy and raised target price to Rs 2,000 while Goldman Sachs maintained buy rating with increased target at Rs 2,208, saying the lender is on course for a market capitalisation of USD 100 billion.

BofAML, too, said its market cap could exceed USD 100 billion by FY20.

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