|
12 Sep 2025 |
HDFC Bank
|
Consensus Share Price Target
|
967.30 |
1138.23 |
- |
17.67 |
buy
|
|
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18 Jul 2023
|
HDFC Bank
|
ICICI Securities Limited
|
967.30
|
2000.00
|
1678.90
(-42.38%)
|
Pre-Bonus/ Split |
Buy
|
|
|
Despite lower-than-expected NII, HDFC Bank (HDFCB) reported better-than-expected Q1FY24 PAT at Rs119.5bn (9% beat) led by strong other income and lower credit costs. The mega merger with HDFC Limited has been effective from July 1, ‘23 and the bank has shared pro forma loans and deposits figures.
|
|
18 Jul 2023
|
HDFC Bank
|
Prabhudas Lilladhar
|
967.30
|
2025.00
|
1677.50
(-42.34%)
|
Pre-Bonus/ Split |
Buy
|
|
|
|
|
17 Jul 2023
|
HDFC Bank
|
Motilal Oswal
|
967.30
|
2070.00
|
1678.90
(-42.38%)
|
Pre-Bonus/ Split |
Buy
|
|
|
|
|
03 Jul 2023
|
HDFC Bank
|
Sharekhan
|
967.30
|
2100.00
|
1728.20
(-44.03%)
|
Pre-Bonus/ Split |
Buy
|
|
|
|
|
25 May 2023
|
HDFC Bank
|
Prabhudas Lilladhar
|
967.30
|
1925.00
|
1609.60
(-39.90%)
|
Pre-Bonus/ Split |
Buy
|
|
|
|
|
25 May 2023
|
HDFC Bank
|
Motilal Oswal
|
967.30
|
1950.00
|
1609.60
(-39.90%)
|
Pre-Bonus/ Split |
Buy
|
|
|
|
|
25 May 2023
|
HDFC Bank
|
ICICI Securities Limited
|
967.30
|
2000.00
|
1615.80
(-40.13%)
|
Pre-Bonus/ Split |
Buy
|
|
|
We attended HDFC Bank’s Analyst Day (on May 24, 2023) which involved day-long presentations from top management and various vertical heads. The bank remains confident of superior credit growth, comfortable asset quality and steady profitability metrices.
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|
24 Apr 2023
|
HDFC Bank
|
BOB Capital Markets Ltd.
|
967.30
|
1956.00
|
1688.15
(-42.70%)
|
Pre-Bonus/ Split |
Buy
|
|
|
Central bank permits leeway on PSL norms post-merger which will aid HDFCB's margins and asset quality in the immediate term
|
|
24 Apr 2023
|
HDFC Bank
|
Axis Direct
|
967.30
|
1975.00
|
1688.15
(-42.70%)
|
Pre-Bonus/ Split |
Buy
|
|
|
We value the core book at 3.2x Sep'24E ABV and assign a value of Rs 71/share to the subsidiaries, thereby arriving at a target price of Rs 1,975/share, implying an upside of 18% from the CMP.
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|
22 Apr 2023
|
HDFC Bank
|
ICICI Direct
|
967.30
|
2050.00
|
1674.60
(-42.24%)
|
Pre-Bonus/ Split |
Buy
|
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|