HDFC Bank: Quotes, News

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Development Credit Bank

Broking outfit Nirmal Bang has put a buy call on Deveelopment Credit Bank with a target price of Rs 75 in its recent research report.

At CMP, the stock is trading at 1.14x and 0.99x FY14E and FY15E Adj BVPS and 8.8x and 7.4x FY14E and FY15E EPS respectively which we believe is attractive. We roll-over our target multiple from FY14E to FY15E to a target price of Rs 75 (1.5x FY15E ABV) with an upside of 50 percent from a long term perspective and maintain our 'BUY' rating," says Nirmal Bang research report.

HDFC Bank

Brokerage firm Prabhudas Lilladher has recommended accumulating the HDFC Bank stock with target of Rs 750 in its research report dated July 17, 2013.

"HDFC Bank (HDFCB) reported a mixed quarter with robust NIMs, loan growth and improving cost ratios offset by some inch-up in slippages and weak fees. Challenging macros seems to be having some impact on HDFCB's financials but we see limited risks to overall profitabilty as we draw comfort from (1) Floating provisions (credit cost comfort) (2) Opex efficiency (offset growth pressure) and (3) Superior liability franchise (limited impact from RBI's liquidity tightening). We continue to prefer HDFCB over HDFC Ltd/Kotak despite expensive valuations," the firm has stated in its research report.

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