New Delhi, Oct. 4 -- Jefferies India stock recommendations: HDFC Bank shares are one of the beaten-down stocks in the Indian stock market. The Bank Nifty and Nifty 50 heavyweight has delivered a negative return in YTD by correcting over 27%. In the last six months, the HDFC Bank share price has slipped by over 6%. However, after the buzz surrounding the appointment of a new CEO and MD, HDFC Bank shares saw buying interest in recent sessions. In one month's time, HDFC Bank's share price has risen over 2%, paring all initial losses from September. However, despite YTD weakness, Jefferies India is bullish on HDFC Bank shares.

The Jefferies India report has given a 'buy' rating to the banking stock, predicting 22% upsideand citing the appoin...