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HomeSHARE MARKETThis Share Can Cross ₹2012; More Than 30% Profit Possible In Just...

This Share Can Cross ₹2012; More Than 30% Profit Possible In Just A Few Days

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HDFC Bank Ltd (NSE: HDFCBANK): Today, in this post we’ll discuss HDFC Bank share latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding. We hope our analysis will provide you better insight about the company.

HDFC Bank shares can reach Rs 2011 within the next few days. 

A renowned brokerage house in India has suggested buying the shares.

This implies that the stock will earn over 30 percent of profit within only a couple of days. At present, it’s trading at 1534.95.

In the past, another Financial advice provider set a goal of Rs 1955 and advised to purchase it. 

HDFC Bank shares had fallen substantially in the past month. This stock was at 1757.50 within a year and dropped to a low of 1363.55. 

It’s become a reality over the last couple of weeks. It has risen by 7.50 percent within one month. However, by 2024, it’s decreased by around 10 percent.

Buy, Sell, Or Hold HDFC Bank Share

An average of market analysts have shared their opinions regarding HDFC Bank shares. Of them, 21 have recommended the shares as a Strong Buy. 

However, 14 have been given a “Buy” rating.

Shareholding Pattern

Promoters have cut the stake they hold to 25.52 percent during the quarter ending March. 

In addition the last quarter, in comparison with the previous September quarter institutional investors from abroad have decreased the percentage of stakes between 52.30 percent to 47.83 percent. 

Institutional investors in the US have increased their stake by 30.45 percent up to 33.32 percent. Others have an 18.84 percent stake.

About HDFC Bank Ltd 

HDFC Bank Limited, a financial conglomerate, offers a variety of financial services via its subsidiaries. 

These include banking, mutual funds, insurance, and other financial services. 

The Bank provides a variety of banking services and products. Commercial and Investment Banking, Transactional Banking, and Branch-Based Banking are all available.

The Treasury segment includes the net interest earned from its investment portfolio as well as money market borrowing, lending, gains and losses on investment transactions, trading in foreign currency and derivative contracts, and gains and losses on investment operations.

Retail Banking includes Digital Banking, Other retail banking, and Retail Banking. 

Wholesale Banking provides non-funding facilities and transaction services for large corporations, government units, financial institutions, and medium-sized enterprises.

Fundamental Analysis of HDFC Bank Ltd 

Market Cap₹ 11,67,114 Cr.
Current Price₹ 1,534.95
52-wk High₹ 1,757.50
52-wk Low₹ 1,363.55
Stock P/E17.20
Book Value₹ 519
Dividend1.24 %
ROCE6.24 %
ROE17.1 %
Face Value₹ 1.00
P/B Value2.96
OPM47.5 %
EPS₹ 89.6
Debt₹ 21,39,212 Cr.
Debt to Equity7.39

HDFC Bank Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 1500₹ 1800
2025₹ 1800₹ 1954
2026₹ 2132₹ 2323
2027₹ 2435₹ 2654
2028₹ 2700₹ 3000
2029₹ 3123₹ 3432
2030₹ 3543₹ 3675
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HDFC Bank Ltd Shareholding Pattern

Promoters Holding
Mar 202325.59%
June 202325.52%
Sept 20230.00%
Dec 20230.00%
Mar 20240.00%
FII Holding
Mar 202332.24%
June 202333.38%
Sept 202352.13%
Dec 202352.31%
Mar 202447.83%
DII Holding
Mar 202328.09%
June 202326.75%
Sept 202330.39%
Dec 202330.54%
Mar 202433.33%
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Govt. Holding
Mar 20230.16%
June 20230.16%
Sept 20230.17%
Dec 20230.17%
Mar 20240.18%
Public Holding
Mar 202313.91%
June 202314.19%
Sept 202317.30%
Dec 202316.98%
Mar 202418.64%

HDFC Bank Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 105,161 Cr
2020₹ 122,189 Cr
2021₹ 128,552 Cr
2022₹ 135,936 Cr
2023₹ 251,764 Cr
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Last 5 Years’ Net Profit:

2019₹ 22,446 Cr
2020₹ 27,296 Cr
2021₹ 31,857 Cr
2022₹ 38,151 Cr
2023₹ 60,068 Cr

Last 10 Years’ Profit Growth:

10 Years:21%
5 Years:20%
3 Years:19%
Current Year:35%

Last 10 years’ Return on Equity (ROE):

10 Years:17%
5 Years:17%
3 Years:17%
Last Year:17%

Sales Growth Over 10 Years:

10 Years:17%
5 Years:15%
3 Years:12%
Current Year:59%

Conclusion

This article is a complete guide about HDFC Bank Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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