ट्रेंडिंग न्यूज़

Next Big Stock Market Rally Is Going To Be Led By This Private Sector Bank

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. 

If you are new to our website and want to get all the latest updates related to the stock market, join us on Telegram Group.

If you have any further queries, please comment below. We will be happy to answer all your questions. 

If you like this information, share the article with as many people as possible.

Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We provide timely updates about the stock market and financial products to help you make better investment choices. Do your research before any investment.

careermotto

A self-motivated and hard-working individual, I am currently engaged in the field of digital marketing to pursue my passion of writing and strategising. I have been awarded an MSc in Marketing and Strategy with Distinction by the University of Warwick with a special focus in Mobile Marketing. On the other hand, I have earned my undergraduate degrees in Liberal Education and Business Administration from FLAME University with a specialisation in Marketing and Psychology.

Related Articles

Back to top button