Bullish on HDFC Bank with a 'buy' rating and a price target of ₹950. The stock is expected to remain range-bound until clarity on the next CEO emerges. A credible successor could act as a meaningful re-rating catalyst for the lender, shifting the leadership overhang.

Nomura Analysis’s track record: 3 graded calls · 95% CI 6–79%

HDFC BankBullishCalled 31 Aug 2026
Verdict:PENDING

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Tracking HDFC Bank since this call

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