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HDFC Bank CEO transition nears; Jefferies sees rerating scope, sets target at Rs 880
HDFC Bank could be nearing a leadership transition, with Jefferies saying greater clarity on CEO succession and a management reshuffle could improve execution and support a rerating. The brokerage retained its Buy rating and Rs 880 target, citing scope for stronger deposit growth, fee income and a better loan mix.
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HDFC Bank may be nearing a leadership transition, with the appointment of a new CEO potentially paving the way for a broader management reshuffle. Jefferies believes this could help the lender ... [4963 chars]
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