BUZZ-Street View: Analysts see earnings growth in HDFC Bank on stable asset quality

Reuters
23 Jan
BUZZ-Street View: Analysts see earnings growth in HDFC Bank on stable asset quality

** Top Indian private lender HDFC Bank HDBK.NS on Wednesday reported Q3 profit in-line with analysts' estimates; forecast industry-matching loan growth in FY26

** At least three analysts raised PT post results, with median PT now at 1,972 rupees vs 1,950 rupees a month ago - LSEG

VISIBILITY OF GROWTH IN QUARTERS AHEAD

** Bernstein ("outperform"; PT 2,300 rupees) says stable asset quality major positive for HDBK given most of its peers witnessing deterioration; sees better earnings growth in quarters ahead

** Jefferies ("buy"; PT 2,120 rupees) says catalysts in play with higher conviction over pick up in loan growth

** PhillipCapital ("buy"; PT 1,900 rupees) expects HDBK to gain market share in unsecured loan segment considering stability in asset quality

** Yes Securities ("add"; PT 1,995 rupees) says asset quality performance creditable given tough environment

(Reporting by Sethuraman NR)

((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))

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