Buy HDFC Bank, target price Rs 1730: ICICI Securities

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Buy HDFC Bank, target price Rs 1730:  ICICI Securities


ICICI Securities has buy call on with a target price of Rs 1730. The current market price of HDFC Bank Ltd. is Rs 1490.5.

HDFC Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 822651.18 Crore).

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 39838.73 Crore, up 3.64 % from last quarter Total Income of Rs 38438.47 Crore and up 3.95 % from last year same quarter Total Income of Rs 38325.70 Crore. The bank reported net profit after tax of Rs 8769.33 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 21.2 per cent stake in the company as of June 30, 2020, while FIIs held 30.1 per cent, DIIs 17.8 per cent and public and others 30.9 per cent.



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