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This Private Bank Share Can Give 50% More Return, Brokerage Bullish On Attractive Valuation

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HDFC Bank Ltd (NSE: HDFCBANK) Purchase Bank Shares: The stock market has recovered from its initial weakness on 22 March.

Banking stocks are a good source of support. HDFC Bank, a private bank in the private sector, has flat revenues despite all of the ups and downs. 

This bank’s share has fallen by about 15 percent this year. The stock has a good valuation after the recent correction. 

A brokerage house, is optimistic about the incredible valuation of HDFC Bank. The stock price is also estimated to rise by 45 percent from its current level.

HDFC Bank To Increase Price By Rs 2100

Brokerage house, has reiterated its opinion that HDFC Bank is an “outperform” company. 

The target price per share is also maintained at Rs 2100. The share price on March 21, 2024, was Rs 1446. 

The stock price will rise by about 45 percent from its current level. Stocks have fallen by about 15 percent this year. 

The share price has fallen 8-9 percent over the past year. The current stock price is 18 percent below its 52-week high.

Brokerage Comment On HDFC Bank

Brokerage believes that HDFC Bank has a very attractive valuation. It is still valued at 12 percent more than the rest of its sector despite continuous market share increases. 

It can earn up to 25 percent of the bank’s annual profits by selling stakes in its subsidiaries. It can effectively deal with short-term volatility. 

The bank’s fundamentals are sound. The bank is a market leader. It is the second-largest bank in the country. 

The bank is ranked fourth in the list of most valuable banks around the world.

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₹ 10,96,572 Cr.
Current Price₹ 1,442.55
52-wk High₹ 1,757.50
52-wk Low₹ 1,363.55
Stock P/E16.16
Book Value₹ 519
Dividend1.32 %
ROCE6.24 %
ROE17.1 %
Face Value₹ 1.00
P/B Value2.78
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₹ 1765
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
Dec 202225.60%
Mar 202325.59%
June 202325.52%
Sept 20230.00%
Dec 20230.00%
FII Holding
Dec 202232.10%
Mar 202332.24%
June 202333.38%
Sept 202352.13%
Dec 202352.31%
DII Holding
Dec 202228.13%
Mar 202328.09%
June 202326.75%
Sept 202330.39%
Dec 202330.54%
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Govt. Holding
Dec 20220.16%
Mar 20230.16%
June 20230.16%
Sept 20230.17%
Dec 20230.17%
Public Holding
Dec 202213.99%
Mar 202313.91%
June 202314.19%
Sept 202317.30%
Dec 202316.98%

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 Ltd 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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