Business

Brokerages turn bullish on HDFC Bank after sharp 26% correction

March 31, 2026
Economic Times
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JP Morgan and Jefferies have upgraded HDFC Bank, citing attractive valuations after a significant share price decline. Both brokerages see a favorable risk-reward, with JP Morgan highlighting a strong core franchise and Jefferies pointing to potential re-rating catalysts like board clarity and CEO term rollover.

Economic Times
Economic Times

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