HDFC Bank Was In Focus On Friday After Credit Suisse Raised

HDFC Bank was in focus on Friday after Credit Suisse raised the target price to Rs 2,075 from Rs 1,955. This implies an upside of 6 percent.

The global research firm expects the bank to undertake its next capital raise in FY19 and highlighted how the stock has historically performed well around capital raise.

Further, it said that the bank has CET1 at 12.2 percent, similar to the levels seen in FY15.

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