Buy HDFC Bank with a target of Rs 1555: Shares & Stock

Systematix Shares & Stock has a buy call on HDFC Bank Ltd. with a target price of Rs 1555 . The current market price of HDFC Bank Ltd. is Rs 1202.55 . Time period given by the brokerage house is year when HDFC Bank Ltd. price can reach defined target. An improvement in HDFC Bank's valuations going forward, supported by robust core earnings and strong capital adequacy is expected. The bank is best-placed among peers in managing the near-term challenges of capital adequacy (Basel 3 norms), liquidity coverage and credit quality.