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ICICI Securities Upgrades HDFC Bank to Buy; Target at ₹1,850

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ICICI Securities upgrades HDFC Bank to BUY with a target of ₹1,850, highlighting significant post-merger changes and growth potential. Find out more!

ICICI Securities upgrades HDFC Bank to BUY amid merger shifts.

Target price remains at ₹1,850, despite a 10% stock drop YTD.

Projected 18% CAGR in deposits for FY24-26 signals strong growth.

EPS estimates cut by 5%, reflecting cautious outlook on loan growth.

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