Buy HDFC Bank, target price Rs 1930: Motilal Oswal Financial Services

Motilal Oswal Financial Services has buy call on HDFC Bank with a target price of Rs 1930. The current market price of HDFC Bank is Rs 1557.95. Time period given by analyst is year when HDFC Bank price can reach defined target.

HDFC Bank, incorporated in the year 1994, is a banking company (having a market cap of Rs 870280.56 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
The Bank has reported Standalone Non Performing Assets (Gross NPAs) at .00 % of total assets and Standalone Net Non Performing Assets (Net NPAs) at .00% of total assets for the quarter ending #LatestQuarterDate.

For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 54122.84 Crore, up 10.05 % from last quarter Total Income of Rs 49182.10 Crore and up 24.81 % from last year same quarter Total Income of Rs 43364.96 Crore. The bank has reported net profit after tax of Rs 12698.32 Crore in latest quarter.

Investment Rationale
The brokerage believes the merger will enable HDFC Bank to create a more diversified portfolio and reduce its reliance on cyclical business segments.

Promoter/FII Holdings
Promoters held 25.6 per cent stake in the company as of 31-Dec-2022, while FIIs owned 32.1 per cent, DIIs 28.08 per cent.