HDFC Bank shares: Jefferies sees 64% upside, says stock trades at 10-20% discount to ICICI, Axis & KMB
Jefferies said HDFC Bank trades at 1.6 times estimated FY27 adjusted book value, which is at 20 per cent discount to ICICI Bank Ltd and 10-20 per cent discount to Axis Bank Ltd and Kotak Bank.
Jefferies said HDFC Bank trades at 1.6 times estimated FY27 adjusted book value, which is at 20 per cent discount to ICICI Bank Ltd and 10-20 per cent discount to Axis Bank Ltd and Kotak Bank.
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