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Buy HDFC Bank, target price Rs 1,320: Shrikant Chouhan

Shrikant Chouhan recommended to keep a stoploss at Rs 1,234.

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Last Updated: Nov 08, 2019, 09.11 AM IST
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HDFC Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 691466.99 Crore).
Shrikant Chouhan of Kotak Securities has a buy call on HDFC Bank with a target price of Rs 1,320. The current market price of HDFC Bank Ltd. is Rs 1,263.25. Shrikant Chouhan recommended to keep a stoploss at Rs 1,234.

HDFC Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 691466.99 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.

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