Buy HDFC Bank, target Rs 1,350: Prabhudas Lilladher
The asset quality remained stable with gross non-performing assets increasingly only by 3 per cent QoQ, while restructured portfolio remained at 0.1 per cent of loans," said brokerage firm
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| Updated: Prabhudas Lilladher maintains a buy rating on HDFC Bank with a 12-month target price of Rs 1,350. HDFC Bank has delivered 20 per cent (YoY) growth in total revenues at Rs 10,320 crore led by steady 24 per cent (YoY) growth in net interest income.
The asset quality remained stable with gross non-performing assets increasingly only by 3 per cent QoQ, while restructured portfolio remained at 0.1 per cent of loans," said brokerage firm Prabhudas Lilladher.
HDFC Bank has gained 7 per cent in the year so far beating its benchmark Sensex which has goven returns of 2.4 per cent (YTD).
The asset quality remained stable with gross non-performing assets increasingly only by 3 per cent QoQ, while restructured portfolio remained at 0.1 per cent of loans," said brokerage firm Prabhudas Lilladher.
HDFC Bank has gained 7 per cent in the year so far beating its benchmark Sensex which has goven returns of 2.4 per cent (YTD).
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