Bullish on HDFC Bank with a 'buy' rating and a price target of ₹1,050. Despite the merger strengthening the franchise, key operating metrics lag peers. The new CEO needs strong execution and a clear roadmap for margin and profitability improvement. Near-term uncertainty around leadership transition may keep valuations below historical levels.
HDFC BankBullishCalled 31 Aug 2026
Verdict:PENDING

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