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Last Updated : Oct 23, 2019 02:57 PM IST | Source: Moneycontrol.com

Buy HDFC Bank target of Rs 1510: Sharekhan

Sharekhan is bullish on HDFC Bank has recommended buy rating on the stock with a target price of Rs 1510 in its research report dated October 22, 2019.

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Sharekhan's research report on HDFC Bank


Earnings performance was strong with robust growth in profit after tax (PAT) helped by better efficiencies, fee income and a lower tax rate. Sequentially, NPA performance was stable, with GNPAs improving by 2 bps to 1.4%. We believe that structural drivers are well in place for the bank, helping it achieve market share gains, aided by operational efficiencies and best-in-class asset quality.


Outlook


We maintain our Buy rating on the stock with a revised PT of Rs. 1,510.


For all recommendations report, click here


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First Published on Oct 23, 2019 02:57 pm
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