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HDFC Bank Limited (HDFCBANK) Gets a Buy from IDBI Capital

Tipranks - Tipranks - Wed Jan 21, 10:40AM CST

In a report released yesterday, from IDBI Capital maintained a Buy rating on HDFC Bank Limited, with a price target of INR1,078.00. The company’s shares closed today at INR927.60.

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HDFC Bank Limited has an analyst consensus of Moderate Buy, with a price target consensus of INR1,114.00, implying a 20.09% upside from current levels. In a report released yesterday, ICICI Securities also maintained a Buy rating on the stock with a INR1,150.00 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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