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HDFC Bank Stock: Brokerages Recommend 'Buy' with 55% Upside Despite Chairman's Exit & Governance Worries
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HDFC Bank: Brokerages say 'buy' despite chairman exit, see up to 55% upside
M
Moneycontrol
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20-03-2026, 08:28
HDFC Bank: Brokerages say 'buy' despite chairman exit, see up to 55% upside
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Brokerages maintain 'buy' ratings on HDFC Bank stock, projecting up to 55% upside.
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Stock fell 5.1% after part-time chairman Atanu Chakraborty's resignation citing 'values and ethics'.
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Jefferies maintains 'buy' with a target of Rs 1,240, seeing 55% upside, citing no compromise on governance.
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Motilal Oswal reiterates 'buy' with a target of Rs 1,100, implying 38% upside, noting RBI's endorsement of governance.
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Keki Mistry's interim chairman appointment and RBI's clarification on no material concerns provide comfort.
Read Full Article on Moneycontrol in English
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