HDFC Bank

HDFC Bank: Stable Quarter; Maintain BUY

Equity Bottom-Up
133 Views, 18 Jan 2022 17:23
EXECUTIVE SUMMARY
  • HDFC Bank’s (HDFCB) Q3FY22 earnings performance was stable, albeit with marginal lags
  • The management commentary was highly positive on growth pick-up in Retail/Rural/SME/Commercial segments
  • We maintain a BUY on the stock with a revised target price of Rs 1985/share (SOTP basis core book at 3.5x FY24E and Rs 70 Subsidiary Value).
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.
detail (1-minute read)
WHAT’S TRENDING
Insights
  • Trending
  • Latest
logo
Logo
Axis Direct
External broker reports(aggregated public sources)
Axis Direct
IndiaEquity Bottom-Up

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. Content available... 

Zoom:
NaN%
x