Buy HDFC Bank, target price Rs 1800: Prabhudas Lilladher

Prabhudas Lilladher has buy call on HDFC Bank with a target price of Rs 1800. The current market price of HDFC Bank Ltd. is Rs 1436.85. Time period given by analyst is one year when HDFC Bank Ltd. price can reach defined target.

HDFC Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 798189.23 Crore).



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 44202.32 Crore, up .55 % from last quarter Total Income of Rs 43960.45 Crore and up 13.53 % from last year same quarter Total Income of Rs 38933.63 Crore. The bank reported net profit after tax of Rs 9579.11 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 25.73 per cent stake in the company as of 30-Jun-2022, while FIIs owned 40.26 per cent, DIIs 19.16 per cent.