Pending — not yet graded
“Bullish on HDFC Bank with a 'Buy' call and a target price of ₹861, implying 18% upside from ₹726.95. The bank offers compelling valuations and core-PPOP inflection driven by margins and operating leverage. Despite expected further downside earnings revisions, PPOP growth is projected to inflect in FY27, with earnings compounding at a 15% run-rate over the medium term.”
Goldman Sachs Analysis’s track record: 3 graded calls · 95% CI 21–94%
HDFC BankBullishCalled 22 Aug 2026
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