HDFC Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 861532.61 Crore).
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 38933.63 Crore, down -4.83 % from last quarter Total Income of Rs 40909.49 Crore and up 6.09 % from last year same quarter Total Income of Rs 36698.59 Crore. The bank reported net profit after tax of Rs 7922.09 Crore in latest quarter.
Investment Rationale
The stock has resumed an uptrend after breaking out of a narrow consolidation pattern on good volumes. Technical indicator RSI has turned upwards after forming a positive divergence, confirming the bullishness.
Promoter/FII Holdings
Promoters held 26 per cent stake in the company as of March 31, 2021, while FIIs held 40.1 per cent, DIIs 20.7 per cent and public and others 13.2 per cent.
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