HDB Financial Services shares jump 5% as Emkay initiates ‘Buy' with Rs 900 target price
Emkay noted that HDB Financial has laid out a clear strategy and has shown consistent execution, which positions it well for future performance. The company's loan book is expected to grow at a compound annual rate of 20% over FY25–28, with earnings per share (EPS) projected to rise by 27% annually during the same period.
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Improving sectoral conditions and the company's ability to maintain profitability are expected to support a re-rating of the stock in the coming years. HDB Financial's focus on building a stable asset mix and strengthening its operating metrics has been a key factor in this positive outlook.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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