HDFC Bank Ltd (NSE: HDFCBANK): After about 6 days of rise, the stock market closed in a loss on Thursday.
The top gainers of the stock market included shares of Tata Steel, SBI, JSW Steel, and IndusInd Bank, while the top losers of the stock market included shares of BPCL, Coal India, Hero MotoCorp, and NTPC. Sector-wise, media has been among the top losers.
There have been a lot of ups and downs in the shares of private banks for some time now. Private banks’ shares like HDFC Bank, ICICI Bank, Axis Bank, and IndusInd Bank are showing higher ratios of risk-to-reward.
There has been a bumper rise in the shares of PSU banks for some time and now it is expected that their share prices may stabilize.
The next phase of the stock market rally is going to be led by big private sector banks. An expert has said that in the banking, finance, and insurance sectors, large-cap private banks are in the best position in terms of risk-reward ratio.
Net interest margin for private banks is improving on a year-on-year basis. The risk-reward ratio has become attractive for private banks.
A brokerage has said that the asset quality of private sector banks with more retail business has improved, but the burden of the unsecured retail loan segment has increased.
Stock market experts say that shares of ICICI Bank, IndusInd Bank, HDFC Bank, and Axis Bank can make investors rich in the coming times by giving bumper returns.
Brokerage firm says that there are signs of continued pressure on the earnings of the banking sector, but loan growth is expected to pick up.
Earnings estimates for private banks have been reduced but investors are still expected to get better returns from their shares.
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 | ₹ 10,77,084 Cr. |
| Current Price | ₹ 1,422 |
| 52-wk High | ₹ 1,757.50 |
| 52-wk Low | ₹ 1,363.55 |
| Stock P/E | 15.93 |
| Book Value | ₹ 519 |
| Dividend | 1.32 % |
| ROCE | 1.32 % |
| ROE | 17.1 % |
| Face Value | ₹ 1.00 |
| P/B Value | 2.72 |
| OPM | 47.5 % |
| EPS | ₹ 89.6 |
| Debt | ₹ 21,39,212 Cr. |
| Debt to Equity | 7.39 |
HDFC Bank Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 1500 | ₹ 1765 |
| 2025 | ₹ 1800 | ₹ 1954 |
| 2026 | ₹ 2132 | ₹ 2323 |
| 2027 | ₹ 2435 | ₹ 2654 |
| 2028 | ₹ 2700 | ₹ 3000 |
| 2029 | ₹ 3123 | ₹ 3432 |
| 2030 | ₹ 3543 | ₹ 3675 |
HDFC Bank Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 25.60% |
| Mar 2023 | 25.59% |
| June 2023 | 25.52% |
| Sept 2023 | 0.00% |
| Dec 2023 | 0.00% |
| FII Holding | |
| Dec 2022 | 32.10% |
| Mar 2023 | 32.24% |
| June 2023 | 33.38% |
| Sept 2023 | 52.13% |
| Dec 2023 | 52.31% |
| DII Holding | |
| Dec 2022 | 28.13% |
| Mar 2023 | 28.09% |
| June 2023 | 26.75% |
| Sept 2023 | 30.39% |
| Dec 2023 | 30.54% |
| Govt. Holding | |
| Dec 2022 | 0.16% |
| Mar 2023 | 0.16% |
| June 2023 | 0.16% |
| Sept 2023 | 0.17% |
| Dec 2023 | 0.17% |
| Public Holding | |
| Dec 2022 | 13.99% |
| Mar 2023 | 13.91% |
| June 2023 | 14.19% |
| Sept 2023 | 17.30% |
| Dec 2023 | 16.98% |
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 |
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. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses.
Also, We have discussed the share’s prospects and growth potential in detail.
This information will help you in your further investment.
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