CLSA has reiterated its “Outperform” rating on HDFC Bank, setting a target price of ₹1,200 and implying over 27% upside from current levels despite recent stock weakness. The brokerage views concerns over deposit growth and margins as temporary and expects FY27 to be a bounce-back year.
Source: CLSA flags margin recovery ahead for HDFC Bank, predicts 27% headroom despite weak start to the year
