Shrikant Chouhan of Kotak Securities Limited has a buy call on HDFC Bank Ltd. with a target price of Rs 1330. The current price of HDFC Bank Ltd. is Rs 1271.55. Time period given by the analyst is Intra Day when HDFC Bank Ltd. price can reach defined target. Shrikant Chouhan recommended to keep a stoploss at Rs 1240 .
HDFC Bank Ltd., incorporated in 1994, has a market cap of Rs 696248.34 crore.
HDFC Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 77544.19 Crore to Sales Value (78.34 % of Total Sales), Income From Investment which contributed Rs 19997.46 Crore to Sales Value (20.20 % of Total Sales), Interest which contributed Rs 794.70 Crore to Sales Value (0.80 % of Total Sales) and Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 635.70 Crore to Sales Value (0.64 % of Total Sales)for the year ending 31-Mar-2019.
The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs .00 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs .00 Crore (.00% of total assets).
For the quarter ended 30-09-2019, the company has reported a Consolidated Interest Income of Rs 24333.99 Crore, up 3.28 % from last quarter Interest Income of Rs 23560.50 Crore and up 19.82 % from last year same quarter Interest Income of Rs 20308.78 Crore. The bank has reported net profit after tax of Rs 6648.80 Crore in latest quarter.
Source: Economic Times
