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ICICI Securities Sticks to Their Buy Rating for HDFC Bank Limited (HDFCBANK)

Tipranks - Tipranks - Tue Jan 20, 12:48PM CST

In a report released today, Vishal Narnolia from ICICI Securities maintained a Buy rating on HDFC Bank Limited, with a price target of INR1,150.00.

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According to TipRanks, Narnolia is a 4-star analyst with an average return of 11.8% and a 74.42% success rate. Narnolia covers the Financial sector, focusing on stocks such as Bajaj Finance Limited, Bank of Baroda, and Federal Bank Ltd. (India).

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for HDFC Bank Limited with a INR1,150.00 average price target.

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Based on HDFC Bank Limited’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of INR1185606300 thousand and a net profit of INR196.11 billion. In comparison, last year the company earned a revenue of INR904.55 billion and had a net profit of INR173.81 billion

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