Assigned a Buy rating to HDFC Bank with a target price of Rs 861, implying an upside of 19%. This positive outlook is based on expectations of profitability and ROA normalisation, with private banks at an inflection point.

Goldman Sachs Analysis’s track record: 3 graded calls · 95% CI 21–94%

HDFC BankBullishCalled 21 Aug 2026
Verdict:PENDING

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Tracking HDFC Bank since this call

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