Moneycontrol PRO
Live Now |Join The Sustainability 100+ Summit and witness the dawn of an era of sustainable development. Click Here!

Buy HDFC Bank; target of Rs 1700: ICICI Direct

ICICI Direct is bullish on HDFC Bank has recommended buy rating on the stock with a target price of Rs 1700 in its research report dated April 24, 2017.

April 25, 2017 / 05:05 PM IST
  • bselive
  • nselive
Todays L/H

ICICI Direct's report on HDFC Bank

HDFC Bank, India’s second largest private bank, has grown its balance sheet at 23% CAGR to Rs 400000 crore in FY07-13 maintaining its profit growth of 30% CAGR to Rs 6726 crore.


We maintain BUY rating. We believe investors would continue to prefer high quality retail private banks owing to their strong visibility & consistency in earnings.

For all recommendations, click here

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

first published: Apr 25, 2017 05:05 pm

stay updated

Get Daily News on your Browser
ISO 27001 - BSI Assurance Mark