HDFC Bank – Fundamental and Technical analysis View

Founder: Hasmukhbai Parekh

CEO: Aditya Puri

Founded: 1994

Website: www.hdfcbank.com

Large Cap Company, market cap: 659894.13 (Cr)

Fundamental View:

Increasing revenue every quarter, and rising cash flow and cash from operating activities. Quarterly results also sound good and expecting more improvement in the future. Profit increased in this quarter by 12.83% as compared to the previous quarter. Bank has decreased its NPA.

ParticularSep-19Dec-19Mar-20Jun-20Sep-20
Revenue28,16629,37029,88530,37829,977
Interest14,65115,19714,68114,71314,201
Expenses +10,10610,94012,06210,80311,759
Financing Profit3,4093,2333,1424,8624,018
Financing Margin %12%11%11%16%13%
Other Income5,5896,6696,0334,0756,092
Depreciation00000
Profit before tax8,9979,9029,1748,93810,110
Tax %29%25%24%26%26%
Net Profit6,3457,4166,9286,6597,513
EPS in Rs11.613.512.612.113.7
Gross NPA %1.38%1.42%1.26%1.36%1.08%
Net NPA %0.42%0.48%0.36%0.33%0.17%

Technical View:

Bullish Harami found on a chart on daily basis with good volume. Price has given positive breakout on daily candles, this chart expecting positive movement in the short-term and medium-term. Buy above 1200 and keep a stop loss at 1164, for the first target 1243 and second target 1281 for short-term and medium-term.

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