Yes, HDFC BANK is a good bet to buy in 2021 as per my view short term target forHDFC BANK is 1590,1600 with the support of 1510 and if the stock falls up to 1510 then accumulate on that levels .
Summary of Best Banking Stocks to Buy now in India
|Sr. No.||Company Name||Rating|
|1||HDFC Bank Ltd.||5|
|2||Kotak Mahindra Bank Ltd.||4.5|
|3||ICICI Bank Ltd.||4|
|4||Axis Bank Ltd.||3|
Will HDFC stock go up?
Will HDFC Bank stock price grow / rise / go up? Yes. The HDFCBANK stock price can go up from 1423.600 INR to 1662.070 INR in one year.
Price to Book Ratio
PB vs Industry: HDFCBANK is overvalued based on its PB Ratio (3.6x) compared to the IN Banks industry average (1x).
HDFC Bank announces stock split in 1:5 ratio
Private sector lender, HDFC Bank, on Monday announced a stock split in the 1:5 ratio aimed at attracting more retail investors into its owner base.
Are banks a good investment now?
The banking sector is a good choice for value investors. Value investors look for stocks that trade for less than their intrinsic value. The banking sector pays dividends, which demonstrates a great history and provide investors with a share in profits.
BENGALURU, July 19 (Reuters) – Indian shares fell on Monday, dragged by HDFC Bank as it missed quarterly profit expectations, with sentiment further dented by broader Asian peers falling in early trade on a renewed coronavirus scare.
with a target price of Rs 806. The current market price of HDFC Life Insurance Company is Rs 682.7. Time period given by analyst is one year when HDFC Life Insurance Company Ltd. price can reach defined target.
|Announcement Date||Old FV||Ex-Split Date|
Is investing in HDFC Bank Safe?
Experts suggest that HDFC Bank is a safe stock and under-allocation to it can lead to risk of under-performance in the short term. “For many it is a cyclical choice now. One wants to be comfortable in this market, which means owning stocks which are favourable today.