(Reuters) -Indian shares inched higher on Thursday, led by Adani Group stocks and heavyweight HDFC Bank, while IT firms slipped amid resurgent uncertainties over the trajectory of U.S. interest rate cuts.

An analyst tracking HDFC Bank has a price target of as high as ₹2,550 on the stock, which implies a potential upside of 40% from current levels.

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In the past six months, HDFC Bank has outperformed the market by surging nearly 20 per cent, as compared to 6.7 per cent rise in the BSE Sensex.