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Analysts bullish on HDFC Bank's long-term growth; see up to 35% upside

HDFC Bank Q1FY24 results: Analysts believe the merged HDFC Bank is better placed than most of the other private banks as far as margin expansion and net interest income (NII) growth is concerned

Analysts bullish on HDFC Bank's long-term growth; see up to 28% upside
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Nikita Vashisht New Delhi
HDFC Bank Q1FY24 results analysis: Shares of HDFC Bank, the world's seventh largest financial entity, have advanced 2 per cent in two days, as against 1 per cent rise in the benchmark S&P BSE Sensex, after the lender reported its April-June quarter (Q1) results for financial year 2023-24 (FY24) on July 17. The S&P BSE Bankex index, meanwhile, has gained 1.3 per cent.

While the near-term stock performance may remain sideways due to merger-related hiccups, analysts remain bullish on the stock’s long-term prospects. They believe the merged entity is better placed than most of the other private banks as far

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