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HDFC Bank Reports Healthy Q2 Results; Will The Stock’s Underperformance Reverse? | Ideas For Profit
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MC Pro sees HDFC Bank’s promising growth outlook to outweigh near-term concerns on margins and uptick in restructured book. Given ROA of above 1.9 percent and ROE of around 16-19 percent, we believe valuations can revert to above historical mean levels, which along with earnings growth can lead to meaningful upside in the stock price over the next year. Here’s why.
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