ICICI Securities has buy call on with a target price of Rs 1818. The current market price of HDFC Bank Ltd. is Rs 1488.35. Time period given by analyst is one year when HDFC Bank price can reach defined target.
HDFC Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 815587.72 Crore).
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 40909.49 Crore, up 2.69 % from last quarter Total Income of Rs 39838.73 Crore and up 6.85 % from last year same quarter Total Income of Rs 38287.17 Crore. The bank reported net profit after tax of Rs 8433.78 Crore in latest quarter.
Investment Rationale
HDFC Bank is trading near its 10-year average at 3.4x 1-year forward book (non- diluted equity – the only leading private bank not to have raised equity). HDFC Bank is building strategic capabilities focusing on 9 key clusters to be future-ready. Also, on technology front, with the regulator’s intervention, it is now thinking faster and ahead of time to reorient its platform much beyond banking.
Promoter/FII Holdings
Promoters held 21.2 per cent stake in the company as of June 30, 2020, while FIIs held 30.1 per cent, DIIs 17.8 per cent and public and others 30.9 per cent.
HDFC Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 815587.72 Crore).
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 40909.49 Crore, up 2.69 % from last quarter Total Income of Rs 39838.73 Crore and up 6.85 % from last year same quarter Total Income of Rs 38287.17 Crore. The bank reported net profit after tax of Rs 8433.78 Crore in latest quarter.
Investment Rationale
HDFC Bank is trading near its 10-year average at 3.4x 1-year forward book (non- diluted equity – the only leading private bank not to have raised equity). HDFC Bank is building strategic capabilities focusing on 9 key clusters to be future-ready. Also, on technology front, with the regulator’s intervention, it is now thinking faster and ahead of time to reorient its platform much beyond banking.
Promoter/FII Holdings
Promoters held 21.2 per cent stake in the company as of June 30, 2020, while FIIs held 30.1 per cent, DIIs 17.8 per cent and public and others 30.9 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
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