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    HomeNewsBusinessBuy HDFC Bank; target of Rs 1900: Sharekhan

    Buy HDFC Bank; target of Rs 1900: Sharekhan

    Sharekhan is bullish on HDFC Bank has recommended buy rating on the stock with a target price of Rs 1900 in its research report dated April 22, 2024.

    Broker Research
    April 22, 2024 / 13:07 IST
    Buy

    Buy

     
     
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    Sharekhan's research report on HDFC Bank

    Results were broadly in line with expectations. The bank chose to set aside floating provisions against a large stake sale gain from HDFC Credila. Despite tight liquidity, the outcome on NIMs and deposit mobilisation were excellent.Asset growth has been recalibrated while managing the LCR and LDR. We believe this is a decent outcome considering the transition period.

    Outlook

    Stock trades at 2.0x/1.8x its FY2025E/FY2026E core BV estimates. We maintain Buy with an unchanged PT of Rs. 1,900. We remain assertive from medium to long term.

    For all recommendations report, click here

    Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    HDFCBank_22042024_Sharekhan

    Broker Research
    first published: Apr 22, 2024 12:23 pm

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