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Stock impact report

Jefferies Starts HDFC Bank (HDB) with a Buy Rating [Yahoo! Finance]

HDFC Bank Limited (HDB) 
Company Research Source: Yahoo! Finance
According to the investment firm, HDFC Bank Limited (NYSE:HDB) benefits from a competitive position through its diverse portfolio, extensive reach, large client network, and efficient funding structure. Jefferies Starts HDFC Bank (HDB) with a Buy Rating Photo by Mirza Babic on Unsplash Jefferies estimates that HDB will achieve 18% growth in AUM and 22% growth in EPS between FY25 and FY28e. ROE is expected to climb from 13% in FY26e to 16% by FY28e after a planned capital raise, despite expectations of muted performance in FY26. The stock is almost back to its IPO level, down roughly 10% from its high it hovered at right after the listing. It trades at a discount to competitors like CIFC and BAF that report bigger ROE. According to Jefferies, major risks include a slowdown in growth, deterioration in asset quality, and changes in regulations around bank subsidiaries. HDFC Bank Limited (NYSE:HDB), founded in 1994 and based in Mumbai, is one of India's leading banks offering Show less Read more
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