Motilal Oswal Bullish On Large Cap Bank Stock That Can Surge 24%, Buy

Motilal Oswal has recommended investors to buy large cap bank stock, HDFC Bank with target price of Rs 1930 apiece. Current market price of HDFC Bank is Rs 1555.00 apiece on BSE. The analyst has given a target time of 1-year when the stock price will reach the target price. It gave over 5% return in last 1-year and over 2% return in last 6-months. Check details below:

HDFC Bank Stock Performance: Current market price of HDFC Bank is Rs 1555.00 apiece with intraday fall of 0.93%. The stock's 52-week high is Rs 1721.85 apiece and 52-week low is Rs 1271.75 apiece, respectively. Its market capitalisation is Rs 8,67,248.08 crore.

HDFC Bank Return & Financial Performance: The stock fell 4% in last 1-month, again 4% in last 3-months, and over 5% return in last 1-year. It gave a return of 76% in last 3-years. The bank for the quarter ended December 31, 2022 declared its consolidated total income at Rs 54,122.84 Crore, up 10.05 % from last quarter total income of Rs 49,182.10 crore. It reported its net profit after tax at Rs 12,698.32 crore in latest quarter.

HDFC Bank About: HDFC Bank was incorporated in August 1994 in the name of HDFC Bank Limited, with its registered office in Mumbai, India. The bank commenced operations as a Scheduled Commercial Bank in January 1995. As of June 30, 2022, the Bank had a nationwide distribution network of 6,499 branches and 18,868 ATM's in 3,226 cities/towns.

Disclaimer: The stock has been picked from the brokerage report of Motilal Oswal. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.