Buy HDFC Bank; target of Rs 2750: Sharekhan

Sharekhan is bullish on HDFC Bank has recommended buy rating on the stock with a target price of Rs 2750 in its research report dated dated April 22, 2019.

Broker Research

April 23, 2019 / 15:22 IST

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Sharekhan's research report on HDFC Bank

HDFC Bank saw another strong quarter with NII growth of 22.8% y-o-y, NIM improved by 10 BPS QoQ to 4.4%, Notably, its Cost to Income (C/I) and asset-quality performance improved too. Strong underwriting and assessment capabilities and healthy traction from digital channels add to its business strength.

Outlook

We maintain our Buy rating on the stock of HDFC Bank with a revised PT of Rs 2750.

For all recommendations report, click here

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Broker Research

first published: Apr 23, 2019 03:22 pm

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