Indo-MIM Shares Hit All-Time High As HDFC Securities Initiates Coverage — Check Target Price, Upside Potential
HDFC Bank secured new business.
· NDTV Profit
HDFC Securities believes Indo-MIM is well placed to benefit from global supply-chain diversification, particularly the China+1 manufacturing shift, given its strong presence across India, the US and Europe.
The analysis
Against that, the stock is -1.5% on the day at ₹692.20, and has returned -14.6% over three months. It sits 31% below its 52-week high, which means a good deal of bad news was already in the price. The banks sector has moved -1.7% over the same period, so HDFC Bank is running 12.9 points behind its peers.
For HDFC Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Market context
- The company directly in focus is HDFCBANK.
- Sector exposure: Banks.
- The immediate tone of coverage reads positive.
In this story
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