HDB Financial slips 1.4% to 741 rupees as brokerages issue cautious ratings citing profitability, asset quality, and growth concerns.

• Brokerages BofA, UBS, and Morgan Stanley give neutral or equal-weight ratings with price targets ranging from 780 rupees to 800 rupees.
• BofA highlights lower yields, higher costs, and conservative provisioning impacting profitability compared to leading NBFC peers in the market.
• Morgan Stanley notes slowing loan growth over five quarters, UBS values HDBF 25%-30% below Bajaj Finance and Cholamandalam Investment.