CLSA's Top Stock Picks with Up to 22% Upside
Leading international brokerage house CLSA has recommended 'Outperform' on three stocks with potential upside of up to 22%.
The markets are currently at an interesting juncture, with many investors seeking potential bargain buys. CLSA has identified three stocks that it is bullish on, including HDFC Bank.
CLSA's Investment Rationale
CLSA has maintained its 'Outperform' rating on HDFC Bank, raising the target price to Rs 1,200 per share from Rs 1,150, implying a 19% upside from current levels.
CLSA expects HDFC Bank's return on equity to cross 14% and forecasts the bank to deliver 11% loan growth in FY26 and 14-15% thereafter.
- HDFC Bank: 'Outperform' rating with a target price of Rs 1,200 per share
Author's summary: CLSA recommends 3 stocks with up to 22% upside.