Key facts: CLSA targets HDFC Bank at Rs 1,200; solid investment ahead
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CLSA targets HDFC Bank at Rs 1,200 per share, highlighting FY27 as a recovery year. The bank trades at a 10-12% price-to-book discount to ICICI Bank, indicating a buying chance.1HDFC Bank is a major player in finance, seen as a solid investment to benefit from credit growth ahead of the Union Budget 2026, despite a limited pre-Budget rally.2
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