Buy HDFC Bank, target Rs 2,280: Jay Thakkar
Buy HDFC Bank Ltd. at a price target of Rs 2280.0 and a stoploss at Rs 2195 from entry point.
HDFC Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 77544.19 Crore to Sales Value (78.34 % of Total Sales), Income From Investment which contributed Rs 19997.46 Crore to Sales Value (20.20 % of Total Sales), Interest which contributed Rs 794.70 Crore to Sales Value (0.80 % of Total Sales) and Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 635.70 Crore to Sales Value (0.64 % of Total Sales)for the year ending 31-Mar-2019.
The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs .00 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs .00 Crore (.00% of total assets). For the quarter ended 30-06-2019, the company has reported a Consolidated Interest Income of Rs 23560.50 Crore, up 3.66 % from last quarter Interest Income of Rs 22727.60 Crore and up 25.25 % from last year same quarter Interest Income of Rs 18810.08 Crore. The bank has reported net profit after tax of Rs 5690.80 Crore in latest quarter.