Notwithstanding high competition in the Indian banking sector, the largest private lender HDFC Bank remains a frontrunner for top brokerages like Kotak Institutional Equities and Motilal Oswal. The potential upside for the share is 20% and it could earn investors over Rs 320 per share. Motilal Oswal: Buy | Target: Rs 1,950 | Upside: 22% … Read more
HDFC Bank on Saturday reported a nearly 20% year-on-year (YoY) rise in net profit for the quarter ended March to Rs 12,047 crore. Total income grew 31% on-year to Rs 53,851 crore. According to the average of estimates given by 7 brokerages, the lender’s net profit was estimated to rise 21% to Rs 12,180 crore. … Read more
Analysts attending ‘s Analyst Day said the private lender is as optimistic as it has been in the past — aggressively growing in areas of its strength, even as it has been mindful of the risk it entails. The bank talked in detail about the merger with and said its focus remains on improving market … Read more