BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Kotak maintains buy on HDFC Bank
HDFC Bank reported another stable performance with earnings growth of 20 per cent on the back of similar revenue growth. Loan growth continues to be impressive at 27 per cent led by healthy growth in retail loans (30 per cent), especially in unsecured loan products (38 per cent). The ability to sustain earnings growth and maintain return ratios at current levels is quite comfortable.