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HDFC Bank closed 5.7% lower today amid the exit of the Chairman Atanu Chakraborty. Bank’s valuation multiples have already de‑rated meaningfully. But what do brokerages have to say on this? Kotak Securities has maintained buy on HDFC with target price of ₹1,050. Kotak Securities has said, “this development is likely to prolong the recovery, making normalization slower than previously anticipated.” UBS has maintained a neutral stance on HDFC Bank with the target price of ₹1,090. To know more on what the brokerages have to stay about the HDFC Bank watch this video! #hdfc #stockmarket #news For more videos subscribe to our channel: / @ndtvprofitindia Visit NDTV Profit for more news: https://www.ndtvprofit.com/ Don't enter the stock market unaware. Read all Research Reports here: https://www.ndtvprofit.com/research-r... Follow NDTV Profit here Twitter: / ndtvprofitindia , / ndtvprofit LinkedIn: / ndtvprofit Instagram: / ndtvprofit Facebook: / ndtvprofit