Getty Images has buy call on with a target price of Rs 1869. The current market price of HDFC Bank is Rs 1611.75. Time period given by analyst is a year when HDFC Bank's price can reach defined target.
HDFC Bank, incorporated in the year 1994, is a banking company (having a market cap of Rs 889089.49 Crore).
HDFC Bank 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 has 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 has reported net profit after tax of Rs 11125.21 Crore in latest quarter.
Investment Rationale
The bank reported stable NIMs at 4.3%., the bank has reported sequential increase in PAT by 15.6% and ROA/ROE of 2.2%/18.3%. The reported GNPA is below the historical trend of 1.4%. The brokerage believes, superior underwriting practices, higher liquidity, adequate coverage and strong capital position makes the bank well placed and hence it recommends BUY with price target of Rs 1869.
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.
HDFC Bank, incorporated in the year 1994, is a banking company (having a market cap of Rs 889089.49 Crore).
HDFC Bank 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 has 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 has reported net profit after tax of Rs 11125.21 Crore in latest quarter.
Investment Rationale
The bank reported stable NIMs at 4.3%., the bank has reported sequential increase in PAT by 15.6% and ROA/ROE of 2.2%/18.3%. The reported GNPA is below the historical trend of 1.4%. The brokerage believes, superior underwriting practices, higher liquidity, adequate coverage and strong capital position makes the bank well placed and hence it recommends BUY with price target of Rs 1869.
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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