Jefferies has doubled down on its bullish stance on HDFC Bank, calling valuations “attractive” after a sharp 25% year-to-date slide in the stock and reiterating the lender as one of its top sector picks. The brokerage has a “Buy” rating on HDFC Bank with a target price of Rs 1,240, implying an upside of 64% from the previous close of Rs 756.25, and sees the bank’s American Depositary Receipt (ADR) climbing 50% to 40 dollars.

Jefferies analysts Prakhar Sharma and Vinayak Agarwal note that HDFC Bank’s share price is down 25% so far in 2026, underperforming peers amid concerns around the exit of its chairman and the potential impact of the West Asia conflict. “Now, valuations at 1.6x FY27E adjusted P/B, 13x PE are at a discount to large private banks and at a low premium to peers,” Jefferies writes, arguing that the derating has overshot fundamentals.

During the day, HDFC Bank shares were trading around 2% lower at Rs 744 on BSE. Last week, Jefferies’ top equity strategist Christopher Wood announced in his ‘GREED & fear’ newsletter that he is exiting HDFC Bank from both his Asia ex-Japan and global long-only equity portfolios.

Also Read | Jefferies’ Chris Wood sells HDFC Bank after Chairman’s puzzling exit, cuts India weightage

While Wood stopped short of clarifying the reason behind the exit, former bureaucrat Atanu Chakraborty’s resignation letter last week as the chairman of HDFC Bank worried investors, as he cited “certain happenings and practices within the bank” that he said were “not in congruence” with his personal values and ethics.

However, looking beyond the crisis, Jefferies contends that the current multiples are compelling given HDFC Bank’s “stronger asset quality, healthy growth and ROE” and that its sensitivity to higher credit costs and lower topline is “manageable”.

Key things that Jefferies said on HDFC Bank in its latest report

For FY27, Jefferies forecasts a return on assets of 1.7% and a return on equity of 14%, with gross non-performing assets at 1.2% and net NPAs at 0.4%, alongside a capital adequacy ratio of 19%.“It is among our sector top picks,” the report says, placing HDFC Bank in the same preferred bucket as ICICI Bank, Axis Bank, and Kotak Mahindra Bank within private lenders.

Jefferies’ base-case scenario builds in a 13% compound annual growth rate in loans over FY26-28, average net interest margins of around 3.5%, and stable asset quality metrics, and values the core bank at 2.5 times adjusted book for March 2028.

The sum-of-the-parts framework pegs the standalone bank’s value at Rs 1,110 per share and group subsidiaries such as HDFC Life, HDFC AMC, HDB Financial, HDFC Ergo, and HDFC Securities at another Rs 131 per share, taking the consolidated fair value to Rs 1,240.

On the risk side, Jefferies flags that clarity on “board issues and rollover of CEO term / Chairman appointment can aid rerating,” implicitly acknowledging that governance overhangs have weighed on sentiment. It warns that a spike in interest rates could hurt, as the merged entity now has a higher share of non-retail funds and its cost of funding is more closely linked to market rates than in the past. A slower ramp-up in priority-sector lending could also drag margins and ROA through higher compliance costs.

Even so, Jefferies sees the headwinds as transient against the merger-led structural positives. The house expects synergies from the HDFC Ltd amalgamation to flow through in the form of cross-selling opportunities, better service and operational efficiencies. It also believes that continued branch expansion will support the deposit mobilisation needed to fuel loan growth.

It also points out that while HDFC Bank’s loan-to-deposit ratio at 99% (3QFY26) is among the highest in the peer set, its liquidity coverage ratio of 116% remains healthy, suggesting that balance-sheet risks are contained.

Jefferies underlines that the current correction has pushed HDFC Bank below its own historical valuation bands. The stock now trades under its long-term average one-year forward price-to-earnings and price-to-adjusted-book multiples, even as the bank is projected to deliver net profit growth of 11% in FY26 and 7% in FY27, and to lift earnings per share from Rs 49 in FY26 to Rs 52 in FY27 and Rs 60 in FY28.

Top officials from energy, finance and logistics sectors will meet Sir Keir Starmer on Monday as the government scrambles to ease the energy crisis from the Iran war

A number of senior executives from the likes of HSBC, Goldman Sachs and Shell are set to meet Prime Minister Sir Keir Starmer on Monday, as the government moves swiftly to help address the deepening energy crisis triggered by the war in Iran.

Senior figures from the energy, finance and logistics industries will attend the roundtable on Monday, which will also feature an operational briefing from the Commander Maritime Operations, who is responsible for directing and coordinating UK naval and Royal Marine operations globally.

Also in attendance will be chief executives from BP, Centrica, Equinor, Maersk, CMA, HSBC, Goldman Sachs and Lloyd’s of London.

The gathering will enable senior ministers to hear directly from industry figures, and for the government to outline how it is engaging with partners and allies in the region to pursue de-escalation.

Starmer has pledged to use “every lever” at his disposal to shield households from rising energy costs, amid mounting concerns that the Iran war is causing significant damage to the UK economy, as reported by City AM.

Rachel Reeves has confirmed that “contingency plans” are being drawn up to address various scenarios in which energy prices remain elevated for a prolonged period.

However, the Chancellor has indicated that any measures will concentrate on ‘targeted support’, having criticised a Conservative government-era energy support package that cost approximately £40bn.

“That left us with high levels of national debt, a cheque written then for a bill that is still being paid today,” Reeves said.

The meeting with industry leaders arrives as the US and Iran display few indications of reaching a peace settlement.

Expectations had been heightened following reports the US had delivered a 15-point peace proposal to Iran over the past week. Trump has also since postponed his ultimatum for Iran to re-open the Strait of Hormuz by another 10 days following a previous five-day extension.

However, Iranian officials have rejected such notions of “progress” on talks, accusing the US of “negotiating with [itself]”.

Sources have also informed the Washington Post that the Pentagon is preparing for “weeks of ground operations” in Iran.

Iran’s parliament speaker has cautioned the US against a ground operation and threatened to set American troops “on fire” as well as intensify attacks on allies.

Elsewhere on Monday, Chancellor Rachel Reeves and Energy Secretary Ed Miliband will meet their G7 counterparts and central bank governors.

Reeves is anticipated to urge the G7 nations to follow the UK’s example in the transition to renewable power.

The major Gloucestershire infrastructure project began this year and is expected to boost the region’s economic potential

The major upgrade to junction 10 of the M5, which is regarded as crucial for unlocking Gloucestershire’s economic prospects, is anticipated to reach completion in 2029. Work on the £372m project, which will span an area equivalent to more than 260 football pitches, started this year with archaeological excavations and the construction of bat roosts.

On completion, the road enhancements will open up land for 20,000 homes and support the Golden Valley development and National Cyber Innovation Centre, which are projected to generate approximately 12,000 jobs west of Cheltenham.

The road improvements will include the creation of a new junction offering access in all directions on and off the motorway. The scheme also encompasses widening the A4019 Tewkesbury Road and a new link road to the B4634 in west Cheltenham, alongside cycle paths, walkways and flood mitigation measures.

The improvements are intended to unlock access to planned housing, including the approved 4,115 homes and 60 acres of employment land at Elms Park and employment development sites on the outskirts of the spa town.

Gloucestershire County Council’s economic development, planning and infrastructure chief Julian Tooke (LD, Pittville and St Paul’s) previously said the scheme will serve as a “catalyst for transformational growth” between Birmingham and Bristol.

He believes the additional Government funding has marked a turning point for the county. Shire Hall leader Lisa Spivey (LD, South Cerney) described the project as central to their growth strategy along the M5 corridor.

“It’s great to see all the councils and MPs come together to support the project,” she said, explaining the scheme was enabled by crucial funding from Homes England.

Cllr Spivey said there were genuine concerns about the project’s viability before the Government confirmed earlier this year that Gloucestershire would receive the funding.

Cheltenham MP Max Wilkinson said it was a relief to finally witness progress at the site, as the shortcomings at junction 10 have been a persistent frustration for residents.

“After so many years of campaigning, it’s a relief to finally see progress – not least because the upgrade will unleash the full potential of the Golden Valley development,” he said.

“That will bring billions of pounds of investment to our town, generating thousands of good jobs in cyber and tech and building on the expertise we already have at GCHQ and our thriving cyber ecosystem.”

Meanwhile, Tewkesbury MP Cameron Thomas praised those involved in the project and the Government officials who have opted to invest in Gloucestershire.

“The Golden Valley Project represents the culmination of ten years of planning and negotiation, and is a credit to the collaborative work of government and industry,” the Liberal Democrat said.

“Keeping with Gloucestershire’s engineering and cyber tech heritage, this strategic development will create highly technical employment opportunities for skilled professionals from across the West Midlands and South West, alongside thousands of affordable homes and infrastructure.”

Starting a hardware business in the Philippines is one of the most practical and resilient negosyo ideas today. From booming residential construction to constant home repairs and renovations, the demand for hardware supplies never disappears. However, before you open your doors, one crucial step is often overlooked: choosing the right business name.

Your hardware business name is more than just a label. It represents trust, durability, reliability, and service—qualities customers look for when buying tools, construction materials, and home improvement supplies. A strong and unique name helps your store stand out, build brand recall, and look professional from day one.

In this article, you’ll find 10 unique hardware business name ideas tailored for the Philippine market. Each name includes a brief explanation and branding insight to help you decide which one fits your vision. A legal and safety disclaimer is also included to guide you when publishing or registering your business name.

1. TibayWorks Hardware

The Filipino word tibay means strength and durability—two values every hardware store should stand for. TibayWorks Hardware sounds modern, professional, and dependable, making it ideal for a store that focuses on construction materials, tools, and heavy-duty supplies.

Branding Tip: Use bold colors like dark blue, gray, or black to reinforce the image of strength and reliability.

2. Matatag Builders Depot

Matatag means firm or strong. Combined with “Builders Depot,” this name appeals directly to contractors, foremen, and serious DIY builders. It sounds established and trustworthy, even for a newly opened business.

Best For: Stores catering to contractors, engineers, and bulk buyers.

3. Pundasyon Hardware Hub

Pundasyon means foundation, symbolizing a solid start and long-term reliability. This name works well for hardware stores that want to emphasize quality materials and long-lasting construction solutions.

Branding Tip: Highlight quality assurance and durable products in your marketing materials.

4. Bayanihan Tools & Hardware

Bayanihan represents community cooperation—a deeply rooted Filipino value. This name is perfect for neighborhood hardware stores that prioritize friendly service, affordability, and community trust.

Why It Works: Customers feel a sense of connection and support when buying from a business that reflects Filipino culture.

5. SolidGrip Hardware Supply

SolidGrip suggests firm handling, control, and safety—important qualities when dealing with tools and construction equipment. This name feels modern and versatile, suitable for both physical stores and online selling.

Best For: Hardware shops offering hand tools, power tools, and safety equipment.

6. LakásPro Hardware

Lakás means strength or power, while “Pro” adds a professional edge. LakásPro Hardware sounds like a premium brand that professionals can rely on.

Target Market: Contractors, skilled workers, and serious home renovators.

7. BuildSure Hardware & Trading

BuildSure emphasizes confidence and assurance. Customers want to feel “sure” when purchasing construction materials, and this name communicates exactly that.

Branding Tip: Emphasize warranties, product standards, and trusted suppliers.

8. AnchorPoint Hardware

An anchor represents stability and support. AnchorPoint Hardware is a strong, English-based name that works well for urban areas or business districts where modern branding is important.

Best For: Hardware businesses targeting engineers, architects, and commercial clients.

9. HabiBuild Hardware

Habi means to weave or connect. This name symbolizes bringing different materials together to complete a project. It feels creative, unique, and meaningful.

Why It Stands Out: It’s uncommon yet easy to remember, perfect for branding and storytelling.

10. Cornerstone PH Hardware

A cornerstone is the most important part of any structure. This name communicates leadership, quality, and dependability, making it ideal for long-term business growth.

Branding Tip: Use minimalist logos and professional typography for a premium feel.

Important Disclaimer (Please Read)

Disclaimer: The hardware business names listed in this article are creative suggestions only. While these names were generated to be unique and original at the time of writing, we do not guarantee that they are not already registered, trademarked, or in use by another business.

Before using any business name, we strongly recommend that you:

• Check availability with the DTI (Department of Trade and Industry) for sole proprietorships
• Verify with the SEC if registering a partnership or corporation
• Search existing trademarks via the Intellectual Property Office of the Philippines (IPOPHL)
• Check domain name and social media availability if you plan to build an online presence

The publisher of this article is not liable for any legal issues arising from the use of these name ideas. Proper due diligence is the responsibility of the business owner.

Choosing the right hardware business name is a powerful first step toward building a successful negosyo in the Philippines. A well-thought-out name builds trust, attracts customers, and supports long-term branding. Whether you prefer a Filipino-inspired name, a modern English brand, or a combination of both, the key is to align your name with your vision and target market.

Remember: a strong foundation starts with a strong name. Choose wisely, verify legally, and build your hardware business with confidence.

Good luck with your hardware negosyo!

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