Buy HDFC Bank, target price Rs 1850: Motilal Oswal
HDFC Bank with a target price of Rs 1850. The current market price of HDFC Bank Ltd. is Rs 1607.1.
HDFC Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 1222853.50 Crore).
HDFC Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2023.
Financials For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 116996.49 Crore, down -5.94 % from last quarter Total Income of Rs 124391.35 Crore and up 91.73 % from last year same quarter Total Income of Rs 61021.29 Crore. The bank reported net profit after tax of Rs 16474.85 Crore in latest quarter.
Promoter/FII Holdings Promoters held 25.52 per cent stake in the company as of 30-Jun-2024, while FIIs owned 47.17 per cent, DIIs 35.19 per cent.
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