Market Dashboard
BSE Code: | NSE Code: | ISIN: | Sector:
| Change | Change % |
| -22.05 | -1.42% |
Updated:05 Mar, 2021, 15:59 PM IST |
|
| Change | Change % |
| -23.55 | -1.52% |
Updated:05 Mar, 2021, 16:00 PM IST |
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Research Report Detail
| Brokerage Analyst |
Report Date | Call | Price@Call | Target Price Stop Loss |
Current Status | Time Horizon |
|---|---|---|---|---|---|---|
| Nomura N/A |
20-01-2021 | Buy | 1498.50 | 1690.00 N/A |
Open | Long (1Y) 20-01-2022 |
Nomura Maintains Buy On HDFC Bank
The bank reported 18 per cent net income growth on the back of 15 per cent loan growth. Revenue lines were a little soft but were offset by cost control (costs grew 8.6 per cent YoY). Asset quality was in line with collections back to near pre-COVID days. In contrast, HDB Financial reported a third-quarter loss under I-GAAP (had posted a loss in H1 under IndAS) even as gross NPL deteriorated further to 5.9 per cent versus 5.1 per cent in second quarter. We believe HDBF may still take 2-3 quarters to recover, assuming no further shock. Overall, we remain positive on HDFC Bank, for its steady growth and profitability.
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