Webinar :Register now for webinar on 'Trade BankNifty in just 15 minutes a day' - By Asmita Patel
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.

Broker Research
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

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


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.

First Published on Oct 23, 2019 02:57 pm
Sections