HDFC Bank: Business Performance Remains Strong
We maintain a BUY on the stock with a target price of Rs 1770/share (SOTP basis core book at 3.6x FY23E and Rs 48 Subsidiary Value).
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HDFC Bank Q1 Net Profit up 16.1 Per Cent to Rs 7,729.64 Crore
HDFC Bank has posted 16% growth in net profit to Rs 7729.64 crore in the quarter ended June 2021 (Q1FY2022), driven by strong growth in non...
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HDFC Bank: Pandemic Hits Quarter; Geared to Push Recovery Ahead
HDFC Bank is a leading private sector bank with consistent growth and operational performance over various cycles. The bank has maintained superior...
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HDFC Bank: Operational Metrics Moderate
We maintain BUY with a revised target price of Rs 1,720 derived using the SOTP method (core bank at 3.5xFY23 ABV + Subsidiaries value Rs 48/-).
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Earnings/PPOP in line; margin remains under pressure on an unfavorable asset mix
HDFCB reported an in line performance, though margin fell by 10bp QoQ on higher interest reversals, unfavorable asset mix, and lower revolving...
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