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Kotak cuts HDFC Bank to 'reduce' on valuations

Jul 16, 2012 | |
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Kotak Institutional Equities downgrades HDFC Bank to 'reduce' from 'add', though it raises the target price to Rs 575 from Rs 565. HDFC shares flat at Rs 586.85.

Kotak says HDFC Bank trading at 'expe

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