CLSA's Top Stock Picks with Up to 22% Upside
Leading international brokerage house CLSA has recommended 'Outperform' on three stocks, offering up to 22% upside. The markets are currently at an interesting juncture, with investors seeking potential bargain buys.
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 largest private sector 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 three stocks with up to 22% upside potential.