Key Takeaways:
- HDFC Bank's deposits outpaced its loan growth, suggesting strategic positioning post-merger.
- Analysts forecast a potential 12.35% upside for HDFC Bank shares.
- GuruFocus estimates indicate an 8.76% increase in fair value for the upcoming year.
HDFC Bank's Latest Financial Performance
HDFC Bank (HDB, Financial), a powerhouse in India's private banking sector, reported a robust 5.9% increase in deposits, reaching 27.15 trillion rupees ($318.5 billion) for the March quarter. This growth, surpassing its loan growth of 4% which totaled 26.44 trillion rupees, marks a strategic shift for the bank as it focuses on enhancing deposit accumulation following its merger with HDFC.
Wall Street Analysts Forecast
According to projections from four analysts, HDFC Bank Ltd (HDB, Financial) is anticipated to reach an average target price of $75.70 over the next year. The price targets range from a low of $74.00 to a high of $77.00, implying a potential 12.35% upside from its current trading price of $67.38. For an in-depth look at these estimates, visit the HDFC Bank Ltd (HDB) Forecast page.
Brokerage Firms' Recommendations
On average, four brokerage firms have given HDFC Bank Ltd (HDB, Financial) a recommendation score of 1.5, which positions the stock as a "Buy." This scale operates from 1 to 5, where 1 denotes a Strong Buy, and 5 indicates a Sell, highlighting the bank's positive market outlook.
GuruFocus GF Value Estimate
GuruFocus estimates the GF Value of HDFC Bank Ltd (HDB, Financial) to be $73.28 in a year, suggesting an 8.76% upside from its current price of $67.38. GF Value represents an intrinsic valuation based on historical trading multiples, past growth trends, and future business performance forecasts. For comprehensive insights, explore the HDFC Bank Ltd (HDB) Summary page.
