InvestorQ : How good is HDFC Bank stock to buy at the current price after the latest results and what should be my time frame?
Aditi Sharma made post

How good is HDFC Bank stock to buy at the current price after the latest results and what should be my time frame?

Answer
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Aashna Tripathi answered.
11 months ago


The HDFC Bank results for the September quarter once again managed to impress the street. The bank managed to grow its total interest income by 15% and its net profits by 27% on a YOY basis for the September quarter. In fact, at a quarterly profit of nearly Rs.6400 crore, HDFC Bank earns more than the entire banking industry in India put together. Also, in terms of total loans and total business, HDFC Bank had emerged as the largest name by a huge margin in the private banking space.

Apart from the profitability and the consumer lending focus, HDFC Bank has also managed to maintain its net interest margins at above 4.3%, which is commendable in a tight market scenario. While the provisions were higher in the quarter by 48% on higher recognitions, the Gross and net NPAs are still under the 1% mark. While it would make strategic sense to accumulate the stock on dips, HDFC Bank still remains the best bet on the private banking space if you look at a combination of profits, growth and asset quality.