0706 GMT - HDFC Bank's continued increase in deposits amid a tight liquidity environment looks encouraging, Nomura analysts say, noting the Indian bank's 5.9% on-quarter growth in deposits for 4Q FY 2025. Management also highlighted that loan growth is expected to track system credit growth in FY 2026, the analysts say in a research report. HDFC Bank appears well-positioned relative to peers on asset quality, while the improving liquidity environment should further aid its deposit growth, the analysts add. Nomura raises the stock's target price to INR2,140.00 from INR1,920.00 to reflect a target multiple of estimated 2.3X March 2027 book value per share versus 2.1X December 2026 BVPS previously, with an unchanged buy rating. Shares are 1.3% higher at INR1,952.40. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 22, 2025 03:06 ET (07:06 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。