Zee Business Managing Editor Anil Singhvi remains bullish on HDFC Bank, a stock he believes can deliver a double return than fixed deposits over the long term. Sharing his views on HDFC Bank — the country's largest lender by market value, the market wizard recommends the stock as a special pick with a target price implying upside to the tune of 50 per cent over the next three years.  

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"Investors often focus on midcap and smallcap stocks for big returns but sometimes even largecap stocks can deliver surprisingly high returns... HDFC Bank is one such stock. It can give a 2x return in comparison to FDs," said the market wizard. 

EDITOR'S TAKE | Why Anil Singhvi likes HDFC Bank for  the long term 

Here's what the market guru thinks of HDFC Bank:

  • HDFC Bank is the strongest and most trustworthy brand among banks
  • HDFC Bank is the best stock to have among private lenders, just like SBI among PSU banks
  • HDFC Bank has remained focused on growth since its inception
  • Bank set to grow in tandem with the Indian economy, which is set to grow at the rate of 6-7 per cent
  • HDFC Bank set to grow at 12-15 per cent, still a modest rate than older estimates of 20-odd per cent  
  • A must-have stock in your portfolio; HDFC Bank shares will never shock you 
  • HDFC Bank has always stayed strong during difficult times; consistent performance
  • HDFC Bank's asset quality has always remained better than industry
  • HDFC Bank set to be among world's top banks post-merger with HDFC; merger to be completed eventually
  • HDFC Bank set to benefit from industry-wide deposit growth

Anil Singhvi's target price for HDFC Bank

Singhvi has set targets of Rs 2,000 and Rs 2,400 for HDFC Bank with a perspective of three years. 

He has already recommended HDFC Bank among his long-term favourites, besides United Spirits, DLF, Tata Motors and Larsen & Toubro. Take a look at his target prices  

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