HDFC Bank Stock Price: HDFC Bank share price rose more than 2 per cent in the early trade on March 14 after the Reserve Bank of India (RBI) had lifted the restrictions that were placed on the fresh digital launches of HDFC Bank. HDFC Bank share price rose over 2 per cent to touch an intraday high of Rs 1,433 apiece on the Bombay Stock Exchange. At 12:08 hrs, HDFC Bank was quoting at Rs 1,435, up Rs 38.20, or 2.74 per cent on the BSE.
average valuations), it added.
Morgan Stanley: RBI Nod Should Reduce Investor Concerns
Morgan Stanley has maintained an overweight rating on the stock with a target at Rs 2,050 per share. RBI nod should reduce investor concerns on bank’s digital capabilities and expect it to regain momentum as revenue growth accelerates.
Jefferies: Key Stock-Specific Overhang is Behind Now
The broking house has kept buy call on the stock with a target at Rs 2,160 per share. RBI lifting the ban would push the launch of new platforms, even BAU initiatives would get simpler with this clarity from RBI. It further said that key stock-specific overhang is behind now.
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