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BNP Paribas prefers private banks; sees valuation upside in HDFC Bank
Positive+38
GreyOak summary
BNP Paribas analyst Santanu Chakrabarti identifies large private banks as preferred plays over NBFCs due to better earnings momentum. HDFC Bank is the top pick, with core ROE expected to cross 16% over the next two years. The firm notes that while valuations are low, prolonged inflation and tighter liquidity pose asset-quality risks.
What it affects
- HDFC BankHDFCBANKPositive +38
Top pick with core ROE expectedRolling sentiment Neutral +8
Source
Read the original at CNBC-TV18More HDFC Bank news
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