HDFC Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 775694.01 Crore).
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated Interest Income of Rs 25119.76 Crore, down -3.30 % from last quarter Interest Income of Rs 25978.00 Crore and up 3.23 % from last year same quarter Interest Income of Rs 24333.99 Crore. The bank reported net profit after tax of Rs 7711.37 Crore in latest quarter.
Investment Rationale
Stable set of earnings and credit cost to settle at the lowest level than peers. Best-in-class franchise to aid gain in market share and leadership. Target multiple revision largely led by lower discount rate assumption
Promoter/FII Holdings
Promoters held 21.2 per cent stake in the company as of Sept 30, 2020, while FIIs held 49.1 per cent, DIIs 18.6 and public and others 11.1 per cent.
