HDB - HDFC Bank: Negatives Are Priced In
2024-06-17 09:03:54 ET
Summary
- I expect HDFC Bank to report a flat net interest margin and a weaker rate of loan growth for the near future.
- HDB's unappealing prospects are reflected in its valuations, which are already discounted based on peer and historical comparisons.
- A Hold rating is awarded to HDFC Bank stock after looking at the company's prospects and the stock's valuations.
Elevator Pitch
HDFC Bank Limited ( HDB ) is rated as a Hold. The focus of my previous April 10, 2023 write-up was the evaluation of HDFC Bank's key metrics for the final quarter of fiscal 2023 (YE March 31, 2024)....
HDFC Bank: Negatives Are Priced In