Macro opportunities are still quite large for even a large bank like HDFC Bank

10 July 2023

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HDFC Bank Ltd (HDFCBANK)


  • Macro opportunities are still quite large for even a large bank like HDFC Bank and can be captured across retail, corporate, SME, payments, among others. 
  • Continuing to build a strong revenue model. 
  • Leveraging the group's strength under the bank umbrella.
  • Looking comfortable ahead of the merger at this point.
  • Management believes that the headroom to strengthen the franchise is large.
  • We maintain BUY with a Fair Value of Rs1,925, valuing the bank at 2.7x book. 

 


Note: The above isa brief note on the company, based on the inputs of KIE research report dated 25th May 2023, which is available on their website at:https://www.kotaksecurities.com/ksweb/ResearchCalVFundamental. Disclaimer: http://bit.ly/2n5Ax1E

https://www.kotaksecurities.com/ksweb/research/kotak-research-reports/top-weekly-picks 



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