HDFC Life: Upgrade to ‘hold’, lift TP to Rs 720 from Rs 610

HDFC Life: Upgrade to ‘hold’, lift TP to Rs 720 from Rs 610

The share of revolver loans continued to decline from 38% (pre-COVID-19) to 28%. Thus, the decline in interest yields more than offset the benefit of reducing funding costs.
Check the source here –Source, Financial Express.

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