HDFC Bank raises loan growth estimates for FY27 and FY28
after close1 source ↓written by the desknot a recommendation
- and FY28
- 13%
- 14%
- and a target
- 3% earnings cut
HDFC Bank has revised its loan growth estimates for FY27 and FY28 to 13% and 14%, respectively, driven by robust corporate and SME lending. However, a flat margin outlook has led to a 3% earnings cut and a target price reduction to ₹1,020. Despite this, the brokerage maintains a 'Buy' rating, citing improving credit growth and resilient asset quality.
Not investment advice. For informational purposes only.