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Stock impact report

Jefferies Reiterates a Buy on HDFC Bank Limited (HDB) [Yahoo! Finance]

HDFC Bank Limited (HDB) 
Company Research Source: Yahoo! Finance
reiterated a Buy rating on HDFC Bank Limited (NYSE:HDB) with a price target of $92. ?The firm noted that the sharp rise in the US tariffs on Indian exports is likely to have a limited impact on Indian banks, including HDFC Bank Limited (NYSE:HDB). This is because the direct loan exposure to the affected sectors is only 4% to 6% of total credit, which the firm believes is manageable. ?Moreover, larger banks such as HDFC Bank Limited (NYSE:HDB) have less exposure to the sectors hit by tariffs as compared to smaller banks. The firm noted that while the prolonged tariffs are expected to impact GDP growth by around 100 basis points, government and central bank support are expected to help soften the impact. Therefore, banks like HDFC Bank Limited (NYSE:HDB) are better positioned in the tariff environment compared to smaller banks with greater exposure to targeted sectors. ?HDFC Bank Limited (NYSE:HDB) is a private bank in India that offers a wide range of financial services and provi Show less Read more
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