'Strong, trustworthy': Anil Singhvi has a big long-term 'buy' on HDFC Bank

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.  

"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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