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โข Analysts are growing cautious over HDFC Bank due to margin concerns and fall in EPS growth for the quarter.
โข The bank's EPS growth fell to 10.8% YoY in Q2FY24 and its stock price has also seen a sharp correction.
โข However, analysts believe that the bank's balance sheet will continue to grow at a marginally faster rate than the industry average, and maintain a 'buy' rating with a target price of Rs. 1,800 per share.