Monday, January 21, 2019

CLSA ups target on HDFC Bank

CLSA has raised the target on HDFC Bank to Rs 2730.  This revision has come after analyzing the Dec 2018 quarter results. HDFC Bank's net profit rose 20.3 percent year-on-year to Rs 5,586 crore, the country’s largest private lender by market value said today. That compares with the Rs 5,611-crore consensus estimate of analysts.
Net interest income rose 22 percent to Rs 12,576 crore over last year, marginally lower than the Rs 12,709-crore estimate. Net interest margin was flat at 4.3 percent compared with the previous quarter.

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