Sharekhan's research report on HDFC Bank
Q4FY25 earnings were decent with a slight beat on earnings led by a rise in NIM, which was a key positive surprise. Asset quality remained pristine. However the RBI’s repo rate cut of 50 bps would pressurize NIMs from the next quarter. Deposit traction remained healthy. Loan growth was modest which led to LDR decline to 96.5%. The bank is well positioned to deliver credit growth in line with system growth in FY26E.
Outlook
The stock trades at 2.2x/1.9x its FY2026E/FY2027E core BV estimates. We maintain BUY with a revised PT of Rs. 2,300 and remain assertive from the 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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
