has buy call on HDFC Bank with a target price of Rs 1831. The current market price of . is Rs 1433.1. Time period given by analyst is one year when Ltd. price can reach defined target.
HDFC Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 799300.14 Crore).
HDFC Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 49182.10 Crore, up 11.27 % from last quarter Total Income of Rs 44202.32 Crore and up 18.69 % from last year same quarter Total Income of Rs 41436.36 Crore. The bank reported net profit after tax of Rs 11125.21 Crore in latest quarter.
Investment Rationale
HDFC Bank is expected to outperform the sector in long run led by 1) healthy balance sheet growth, 2) much higher provision then regulatory requirement in the balance sheet, 4) best in class underwriting and risk management practices. Given these strengths we expect HDFC Bank to remain one of the best among all the lending business. Thus, it continues to maintain BUY rating on the bank with target price of ₹1,831.
Promoter/FII Holdings
Promoters held 25.73 per cent stake in the company as of 30-Jun-2022, while FIIs owned 40.26 per cent, DIIs 19.16 per cent.
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