Global brokerage firms see 14-38% upside in HDFC Bank post Q3 results – time to buy?

Global brokerages are optimistic about HDFC Bank, following its Q3 results. HDFC Bank reported a 2.2% year-on-year growth in its net profit for the December quarter. Several firms have issued buy ratings with price targets indicating potential upsides, including Macquarie (38%), Morgan Stanley (18%), IIFL (14%), BofA (21%), and Nuvama (17%).