Brokerage recommends buying HDFC bank shares after Q1 earnings; check out target

HDFC Bank Share: After releasing the first quarter results of the financial year 2025, brokerage Nuvama Institutional has advised buying this leading private bank stock. The brokerage said that the business update of Q1 was weak. There has been a slight increase in net interest margin which is due to an increase in the share of retail loans. There has also been a slight decline in asset quality. This share is at the level of Rs 1607 currently.

Share price target of HDFC Bank

The brokerage believes that HDFC Bank's LDR i.e. loan-to-deposit ratio will remain high for the next 6-7 quarters. Balance sheet improvement can also take time. All kinds of negative factors have already entered the stock. Nuvama has given a target of Rs 1,850 with a 'buy' rating.

The HDFC stock last traded at Rs 1,607.1 each, down 0.46 per cent on Friday on BSE. This means the scrip has an upside of up to 15 per cent from its current price.

A look at HDFC's Q1Fy25 earnings

HDFC Bank - the country's largest private sector lender - on Saturday reported a standalone net profit of Rs 16,174.8 crore for the April-June period, marking a growth of 35.3 per cent compared with the corresponding period a year ago. Its net interest income (NII) - or the difference between the interest earned and the interest paid - grew 26.4 per cent on a year-on-year basis, to Rs 29,837.1 crore, according to a regulatory filing. Read more 

HDFC Bank Shares | Historical performance

HDFC Bank shares have lost 5.0 per cent of their value in the last year. The shares have climbed almost 10 per cent in the last six months while providing negative returns of around five per cent in one year. 

The views/suggestions/advices expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.