HDFC Bank Q1 profit jumps 20% to Rs 6,658.6 crore, loan growth lifts NII 18%
Jefferies On HDFC Bank
Buy rating maintained
Price target raised to Rs 1,350 from Rs 1,280
Pushing growth in corporate segment with high quality
Expect NIMs to see pressure from a rise in share of corporate loans
Among the best asset quality in the sector
1/2
Jefferies On HDFC Bank
Will benefit from polarisation of deposits on strong retail asset portfolio and solid deposit franchise
Asset quality in unsecured portfolio holding up better than expected
Expect loan CAGR of 19% during FY20-23E
2/2
ICICI Securities On HDFC Bank
Buy maintained
Price target Rs 1,470
Moratorium lowest in the industry
Contingency buffers sufficient enough
Pressure on NIMs should be imminent in coming quarters if not now
Build in elevated credit cost of 2% given challenging macros
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Large volumes, week ended 21 April
Zee Entertainment Enterprises
Axita Cotton
Paisalo Digital
Varun Beverages
Aarti Pharmalabs
Sindhu Trade Links Limited
Bikaji Foods International
ITI
Eureka Forbes
Capri Global Capital Limited
key global economic data points to watch out for next week:
key corporate actions taking place in the coming week:
ABB India, HCL Technologies, Jindal Stainless, KSB, Sanofi India, and Vesuvius India will turn ex-dividend next week.
Sensex trailing PE was 31.6x for July vs 32.2x for June
vs low of 15.67x on 23 Mar 2020
9th consecutive 30+PE month
after 0 instances of 30+ PE till FY20!