Buy HDFC Bank, target price Rs 2000: ICICI Direct

ICICI Direct has buy call on HDFC Bank with a target price of Rs 2000. The current market price of HDFC Bank Ltd. is Rs 1446.65.

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 800272.55 Crore).


HDFC Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2020.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 41436.36 Crore, up 6.43 % from last quarter Total Income of Rs 38933.63 Crore and up 7.80 % from last year same quarter Total Income of Rs 38438.47 Crore. The bank reported net profit after tax of Rs 9096.19 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 25.83 per cent stake in the company as of 30-Sep-2021, while FIIs owned 42.96 per cent, DIIs 17.81 per cent.