LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Stock Market tip: HDFC Bank shares to buy for 20 pct gains in 12 months, say share bazaar experts

HDFC Bank share price is expected to rise from current Rs 2245 per share levels to Rs 2700 per shares in 12 months, say stock market experts.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Stock Market tip: HDFC Bank shares to buy for 20 pct gains in 12 months, say share bazaar experts
HDFC Bank shares are bullish in mid-term to long-term and an investor can buy this counter for 10 to 20% gains from current levels, say experts. Photo: PTI
Written By: Asit Manohar
Updated: Wed, Apr 24, 2019
07:31 am
ZeeBiz WebDesk
RELATED NEWS
Bank Holidays March 2021: RBI says banks will remain closed on these many days this month  Bank Holidays March 2021: RBI says banks will remain closed on these many days this month
HDFC Bank, ICICI Bank and Axis Bank: Morgan Stanley says restrictions around 'government businesses' lifted for private banks HDFC Bank, ICICI Bank and Axis Bank: Morgan Stanley says restrictions around 'government businesses' lifted for private banks
SBI, HDFC Bank and ICICI Bank: How to limit losses and put correct stop-loss SBI, HDFC Bank and ICICI Bank: How to limit losses and put correct stop-loss
Sharekhan prefers SBI in PSU Banking space while HDFC Bank, ICICI Bank in Private Banking space Sharekhan prefers SBI in PSU Banking space while HDFC Bank, ICICI Bank in Private Banking space
Sensex today: Big jump! Index hits 52,000 mark, NSE Nifty also firm; Indusind Bank, Axis Bank, HDFC among gainers Sensex today: Big jump! Index hits 52,000 mark, NSE Nifty also firm; Indusind Bank, Axis Bank, HDFC among gainers

HDFC Bank has consistently sustained loan momentum above 20 per cent YoY in FY19, gradually strengthening the momentum and finishing in the fourth quarter of FY19 with 24.5 per cent YoY loan growth. Unlike the fourth quarter of FY18, when the bank lost some momentum, HDFCB in Q4FY19 actually improved an already strong loan momentum noted in Q3FY19. As acknowledged by the management, some of the momentum observed within corporate loans was owing to short term lending opportunities. Nevertheless, as the systemic loan momentum picks up, we expect HDFCB to gain market share and sustain a stronger loan growth. We are therefore raising our loan growth estimates to 23.5 per cent CAGR FY19-FY21E from 20 per cent previously. 

On the basis of strong fundamentals of the HDFC Bank, the stock market experts are of the opinion that the HDFC Bank share price would touch Rs 2700/stock by March 2019 i.e. in one year or 12 months. Currently, the HDFC share price is oscillating around Rs 2245/stock levels means an investor can expect up to 20 per cent rerun if he or she invests in HDFC Bank shares.

Watch Zee Business Live here:

Detailing about the strong fundamentals of HDFC Bank Rajiv Mehta, Analyst at Yes Securities said, "On account of strong loan growth, stable asset quality and earnings to witness 23 per cent CAGR over FY19-21, the HDFC Bank shares are showing strong upside momentum and can touch Rs 2700 per share levels in 12 months."

Standing in sync with Rajiv Mehta's views Chintan Shah, Research Analyst at Elara Securities said, "The HDFC Bank shares are bullish in mid-term perspective and can show Rs 2483/share levels in one to three month time." 

Watch this Zee Business video here:

Hence, on the basis of expert opinion, the HDFC Bank shares are bullish in mid-term to long-term and an investor can buy this counter for 10 per cent to 20 per cent gains from current levels.
 

 

 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
HDFC BankMarkets
RELATED NEWS
Bank Holidays March 2021: RBI says banks will remain closed on these many days this month  Bank Holidays March 2021: RBI says banks will remain closed on these many days this month
HDFC Bank, ICICI Bank and Axis Bank: Morgan Stanley says restrictions around 'government businesses' lifted for private banks HDFC Bank, ICICI Bank and Axis Bank: Morgan Stanley says restrictions around 'government businesses' lifted for private banks
SBI, HDFC Bank and ICICI Bank: How to limit losses and put correct stop-loss SBI, HDFC Bank and ICICI Bank: How to limit losses and put correct stop-loss
Sharekhan prefers SBI in PSU Banking space while HDFC Bank, ICICI Bank in Private Banking space Sharekhan prefers SBI in PSU Banking space while HDFC Bank, ICICI Bank in Private Banking space
Sensex today: Big jump! Index hits 52,000 mark, NSE Nifty also firm; Indusind Bank, Axis Bank, HDFC among gainers Sensex today: Big jump! Index hits 52,000 mark, NSE Nifty also firm; Indusind Bank, Axis Bank, HDFC among gainers

LATEST NEWS

Gujarat Elections Final Results Till Now: PM Narendra Modi bows to people of Gujarat for faith, affection towards BJP

Sara Ali Khan: My mother has gone through so much more than I have

Stocks in Focus on March 3: MTAR Technologies IPO, Tata Power, IRCON, Telecom Stocks to Tyre Stocks; here are the 5 Newsmakers of the Day

LIVE: Gujarat Taluka Panchayat Elections Results 2021: BJP wins 1036 seats - Check latest news updates, seats details here

IMD Weather Alert Today: ''Above normal'' temp in North India this summer

Gold Outlook I Details explained by ICICI Securities

''Fauji Calling'' declared tax free in Delhi

IIFL Finance NCD issue: Opportunity to earn handsome money, Nirmal Jain tells Anil Singhvi in exclusive chat

Samsung Galaxy A12 Review: Smartphone ticks the right boxes in budget segment

Biden admin 'undecided' on ending Trump-era H-1B visa ban

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved