HDFC Securities has placed a buy stance on ICRA and expects the stock to reach a fair value of ₹4,195 apiece over the next two quarters..Giving rationale to its outlook on ICRA, HDFC Securities in its note stated that ICRA is well placed to benefit from the revival in credit growth.
Prestige shares are in strong demand zone right now and one should add this stock in one''s portfolio at around ₹425 levels for 3 months target of ₹491, believe HDFC Securities

Credit card spends down 7% in Jan as shoppers go easy post festive splurge

12:32am, Friday, 11'th Mar 2022 Economic Times India
Spending fell 7% sequentially to ₹88,000 crore in the first month of this year. Axis Bank and Kotak Mahindra Bank were the only banks that did not see a drop. Among larger players, HDFC Bank saw a decline of 8% in credit card spending from December. SBI Cards recorded a 6% fall and ICICI Bank a 5% drop.

Banks build digital offspring

07:06pm, Thursday, 10'th Mar 2022 Livemint
SBI is planning a separate digital entity and will revamp its current mobile application, rechristening it ‘Only Yono’ as part of its decision to be future-ready, showed documents. India’s largest private lender HDFC Bank is also working on a similar plan

HDFC Bank Ltd rises for third consecutive session

07:35am, Thursday, 10'th Mar 2022 Business Standard
HDFC Bank Ltd is quoting at Rs 1402, up 2.25% on the day as on 12:54 IST on the NSE. The stock is down 9.66% in last one year as compared to a 10.59% spurt in NIFTY and a 1.81% spurt in the Nifty Bank index.

Accumulate HDFC Bank; Indian Hotels, PVR, Trent good buys now: Sandip Sabharwal

06:13am, Thursday, 10'th Mar 2022 Economic Times India
“Maybe buy half of HDFC Bank now and wait out to see if the markets give another leg down over the next few weeks. The downside on HDFC Bank as per me is pretty limited because typically even if the interest rate hike cycle starts, HDFC Bank weathers it very well compared to most other banks especially PSU banks.”

HDFC Bank bets on tie-ups to retake card market share

05:32pm, Wednesday, 09'th Mar 2022 Livemint
Bank has also relaunched three credit cards after the 9-month ban on card issuances ended

Broker''s call: ICRA (Buy)

01:43pm, Wednesday, 09'th Mar 2022 The Hindu BusinessLine
HDFC Securities

Rupee rebounds 44 paise to 76.56 against US dollar

11:46am, Wednesday, 09'th Mar 2022 CNBC TV18
Rupee appreciated following a rebound in risk assets and expectations of inflows in bond markets as global fund houses exclude the Russian debt from bond indices, said Dilip Parmar, Research Analyst, HDFC Securities.
Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: BSE Sensex and Nifty 50 ended in green on Wednesday, a day before weekly F&O…
Market At Close | Sensex, Nifty50 near day’s highs Here are some highlights: –All Nifty Bank members up; HDFC Bank, SBI top gainers –13 Nifty…
The Sensex rose as much as 1,470 points and Nifty briefly traded above 17,400 mark at the day''s highest level
Geopolitical shocks are impacting Indian banks as well while higher inflation will be a dampener to growth. Krishnan ASV, Lead Analyst-BFSI at HDFC Securities discussed what this spells for banks going forward.

In bear grip, India''s most-valued bank stock offers up to 55% upside potential

05:45am, Wednesday, 09'th Mar 2022 Economic Times India
At present, HDFC Bank trades at a valuation of 2.4 times FY24 price to adjusted book value, which offers favorable risk-reward, Motilal Oswal said while suggesting a target of Rs 2,000.

India''s most-valued bank stock can loosen bear grip to rally up to 55%

05:45am, Wednesday, 09'th Mar 2022 Economic Times India
At present, HDFC Bank trades at a valuation of 2.4 times FY24 price to adjusted book value, which offers favorable risk-reward, Motilal Oswal said while suggesting a target of Rs 2,000.
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