It Is Recommended Buying HDFC, Target Rs 2,301
Technical analysts have a buy call on HDFC Bank with a target price of Rs 2,301. The current market price of HDFC Bank is Rs 1,925.70.
Time period given by the brokerage is one year when HDFC Bank price can reach the defined target.
It is reported that the HDFC Bank’s deposits grew 22.5 per cent YoY to Rs7.89bn on the back of a strong CASA and term deposit growth of 11 per cent and 33 per cent YoY, respectively. CASA ratio stood at 43.5 per cent as of 4QFY18. Deposits played catch up with loans that had sped ahead of deposits during previous quarters.