Time period given by analyst is one year when HDFC Bank Ltd. price can reach defined target.
HDFC Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 930208.86 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-2020.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 41436.36 Crore, up 6.43 % from last quarter Total Income of Rs 38933.63 Crore and up 7.80 % from last year same quarter Total Income of Rs 38438.47 Crore. The bank reported net profit after tax of Rs 9096.19 Crore in latest quarter.
Investment Rationale
HDFC Bank is expected to outperform the sector led by 1) healthy growth in operating income, 2) much higher provision then regulatory requirement in the balance sheet, 3) strong capital cushion of 17.9% at CET1 level and d) best in class underwriting and risk management practices. Given these strengths the brokerage expects HDFC Bank to remain one of the best among all the lending business. Thus, it continues to maintain BUY rating on the bank with revised target price of Rs 2,058 (based on 4.2xFY23E Price to Adjusted Book Value).
Promoter/FII Holdings
Promoters held 25.83 per cent stake in the company as of 30-Sep-2021, while FIIs owned 42.96 per cent, DIIs 17.81 per cent.
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