HDFC Securities Keeps 'Reduce' on Stock as Stretched Valuations Trump Solid Fundamentals

Broker raises target price—likely on earnings upgrade—but maintains cautious stance, warning that a price-to-value mismatch and mean-reversion risk outweigh the positive medium-term growth story.

ndtv-profit-business · 6/28/2026, 9:20:29 AM · Ask about this →