Most banking stocks haven’t had it easy on the bourses.While stocks of state-owned banks remain big laggards, many private sector peers haven’t been spared either. Based on recent brokerage recommendations, here are six stocks - three that have seen an increase in their target price since June, and three that have seen a cut.
Target price raised
HDFC Bank
Growth may have tapered a bit for one of India’s best managed banks. Loan growth, even in September quarter (Q2) at 19 per cent, came below the historical growth rate of 25 per cent plus for a second quarter in a