New Delhi, Feb. 16 -- HDFC Bank share price has been on a downward trend, falling over 15 percent in the last 1 year and almost 17 percent in 2024 YTD. Despite the recent correction, global brokerage house Morgan Stanley sees over 49 percent upside in the largest private sector lender.

This comes after the lender announced in a press release to bourses that it recorded stable and healthy double-digit year-on-year (YoY) growth in its home loan business after the merger till December 31, 2023. The company's management informed that it recorded 3.6 percent sequential growth as of December 2023 and, after the merger, savings accounts for incremental disbursals have moved to 80 percent from 35 percent.

It also added that the bank's market sh...