BNP Paribas Securities Recommends Buying HDFC Bank with a Target Price of Rs 2210

BNP Paribas Securities has issued a “buy” recommendation on HDFC Bank with a target price of Rs 2210. The current market price of HDFC Bank Ltd. stands at Rs 1523. HDFC Bank Ltd., established in 1994, is a prominent banking company with a market capitalization of Rs 1,144,692.99 Crore.

HDFC Bank Ltd.’s primary revenue segments include Interest & Discount on Advances & Bills, Income From Investment, Interest, and Interest On Balances with RBI, and Other Inter-Bank Funds. For the quarter ending on June 30, 2023, the bank reported a consolidated total income of Rs 61,021.29 Crore. This figure represents a 6.76% increase compared to the previous quarter and an impressive 38.05% growth compared to the same quarter in the previous year. In the latest quarter, the bank reported a net profit after tax of Rs 12,370.38 Crore.

As of June 30, 2023, the promoters of HDFC Bank Ltd. held a 25.52% stake in the company, while foreign institutional investors (FIIs) owned 33.38%, and domestic institutional investors (DIIs) held 26.68%.

Investors looking for insights into HDFC Bank Ltd. may find value in BNP Paribas Securities’ “buy” recommendation, which comes with a target price of Rs 2210. This recommendation can be helpful for those making investment decisions related to HDFC Bank.

Disclaimer: The views and investment tips expressed by investment experts on are their own and not those of the website or its management. advises users to check with certified experts before taking any investment decisions.​​
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