Latest news with #HDFCBankLimited
Business Insider
a day ago
- Business
- Business Insider
Citi Reaffirms Their Buy Rating on HDFC Bank Limited (HDFCBANK)
Citi analyst Kunal Shah CFA maintained a Buy rating on HDFC Bank Limited (HDFCBANK – Research Report) yesterday and set a price target of INR2,360.00. The company's shares closed yesterday at INR2,014.90. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Shah CFA covers the Financial sector, focusing on stocks such as Axis Bank Limited, AU Small Finance Bank Limited, and Bank of Baroda. According to TipRanks, Shah CFA has an average return of 7.6% and a 74.07% success rate on recommended stocks. HDFC Bank Limited has an analyst consensus of Moderate Buy, with a price target consensus of INR2,001.43. Based on HDFC Bank Limited's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of INR1202680000 thousand and a net profit of INR188.35 billion. In comparison, last year the company earned a revenue of INR684.82 billion and had a net profit of INR176.22 billion
Business Insider
a day ago
- Business
- Business Insider
J.P. Morgan Keeps Their Hold Rating on HDFC Bank Limited (HDFCBANK)
In a report released today, Saurabh Kumar from J.P. Morgan maintained a Hold rating on HDFC Bank Limited (HDFCBANK – Research Report), with a price target of INR1,950.00. The company's shares closed yesterday at INR2,014.90. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Kumar covers the Financial sector, focusing on stocks such as HDFC Bank Limited, ICICI Bank Limited, and RBL Bank Ltd.. According to TipRanks, Kumar has an average return of 3.4% and a 75.00% success rate on recommended stocks. HDFC Bank Limited has an analyst consensus of Moderate Buy, with a price target consensus of INR2,001.43.
Yahoo
14-04-2025
- Business
- Yahoo
HDFC Bank (HDB): The Best Indian Stock to Buy According to Billionaires
We recently published a list of the 10 Best Indian Stocks to Buy According to Billionaires. In this article, we will take a look at where HDFC Bank Limited (NYSE:HDB) stands against other best Indian stocks. India's stock market had a rough ride during the second half of FY25, amid uncertainty around US tariffs, weak earnings, and persistent foreign outflows. Analysts expect the volatility to extend into the new financial year, especially after the Trump administration unveiled fresh tariffs on April 2. READ ALSO: 10 Best European Stocks To Buy According to Billionaires and 20 Stocks Insiders Bought in April After Trump's Tariff Rollout. In recent years, millions of Indian investors have piled into stocks, hoping to build wealth by betting on their country's strong economic growth. Social media has been buzzing with 'finfluencers' offering financial advice and trends. Easy-to-open online brokerage accounts and stock funds have also wooed the population, especially youngsters and retirees, into investing. Several notable billionaires have also made significant investments in Indian stocks, reflecting the market's growing appeal. As of November 2024, Rajiv Jain's GQG Partners was the fourth-largest shareholder in Gautam Adani's firm. Late last year, billionaire Azim Premji's private equity firm also acquired a 1.6% stake in a leading Indian technology services and consulting company. Last Monday, many investors were dealt a blow as the stock market lost $170 billion, with two of the country's most prominent indexes plummeting from fears that Trump's new tariffs would ignite a global recession. Foreign institutional investors sold shares valued at $1.05 billion during the day, the highest outflow since February 28. The market fell again on Wednesday, as the 27% tariff on Indian exports to the US took effect. Here is what Nilesh Shah, managing director at Kotak Mahindra Asset Management, was quoted by Reuters as saying about the situation: 'Indian markets are unable to quantify the uncertainty unleashed by the tariff war. The unfolding events will likely keep sellers on an aggressive sell mode and buyers on a reluctant buy mode.' On April 9, the Reserve Bank of India cut the interest rate by 0.25% and reduced its growth forecast for this year from 6.7% to 6.5%. Sanjay Malhotra, the governor of the central, stated the following in a speech: 'The recent trade tariff-related measures have exacerbated uncertainties, clouding the economic outlook across regions, posing new headwinds for global growth and inflation.' While multiple brokerage firms expect the tariffs to hurt India's GDP growth for FY26, government officials in Delhi, who spoke on the condition of anonymity to a media outlet, expect the country to meet the 6.3%-6.8% growth projection if oil prices stay below $70 per barrel. A finance ministry official said they had already made provisions in the budget for duty remission schemes to help exporters. A business owner tallying their profits in the back office of a local banking branch. For this article, we scanned Insider Monkey's Q4 2024 proprietary database of billionaires' stock holdings and identified Indian stocks from the list. From there, we picked the top 10 stocks with the highest number of billionaires having a stake in them. Where two or more stocks were tied on billionaire sentiment, we used the dollar value of billionaire holdings as a tiebreaker between them. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Number of Billionaires: 14 Billionaire Holdings: $1,156,462,828 HDFC Bank Limited (NYSE:HDB) provides banking and financial services to individuals and companies in India, Bahrain, Dubai, Hong Kong, and Singapore. The company's offerings include retail banking, wholesale banking, asset management, insurance, stockbroking, treasury operations, and other financial services. On January 21, HDFC Bank Limited (NYSE:HDB) declared financial results for the quarter that ended December 31, 2024. Net consolidated revenue was posted at ₹652.8 billion, with consolidated profit after tax of ₹176.6 billion. Earnings per share for the quarter were logged at ₹23.1. The bank's average deposits grew 15.9% year-over-year to reach ₹24,528 billion at the end of the quarter. In March, HDFC Bank Limited (NYSE:HDB) signed an MoU with India's Air Force and the CSC Academy to launch Project HAKK, a program to support defense veterans and their families. The bank will initially set up 25 centers across Air Force units to provide financial training, pension assistance, and banking services. HDFC Bank Limited (NYSE:HDB) is one of the best Indian stocks to buy, with returns of over 5% so far in 2025. Shares were up by 3.96% over the past week in the run-up to the board meeting on April 19 to approve financial results for the quarter that ended March 31. Overall, HDB ranks 1st among the 10 best Indian stocks to buy according to billionaires. While we acknowledge the potential of HDB, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than HDB but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
31-03-2025
- Business
- Yahoo
Is HDFC Bank Limited (NYSE:HDB) a High-Growth Non-Tech Stock That Is Profitable in 2025?
We recently published a list of 12 High Growth Non-Tech Stocks That Are Profitable in 2025. In this article, we are going to take a look at where HDFC Bank Limited (NYSE:HDB) stands against other high-growth non-tech stocks that are profitable in 2025. On March 27, David Sekera, CFA, chief US market strategist at MorningStar released his Q2 2025 market outlook. He highlights that the market was priced to perfection at the start of the year, trading at a rare premium to its fair value. He advised investors at the start of the year to overweight value stocks, which were attractively priced while underweighting growth stocks that were significantly overvalued. This advice proved prescient as the Morningstar US Market Index fell by 1.74% through March 24, with losses concentrated in growth and core stocks. This was particularly true for stocks linked to artificial intelligence, which dropped by 3.79% and 3.52%, respectively. In contrast, value stocks gained 4.59%, showcasing their resilience. Sekera noted that as of March 24, the US equity market had declined to a price/fair value ratio of 0.95, representing a 5% discount to Morningstar's fair value estimates. Moreover, growth stocks experienced a sharp correction, reducing their premium from 24% at the start of the year to just 3%. On the other hand, despite their recent gains, value stocks became even more undervalued, trading at a 13% discount to fair value. He emphasizes that this has made value stocks the most attractive investment category for the year. His outlook also addresses market dynamics by capitalization. He recommends overweighting small-cap stocks due to their significant undervaluation at an 18% discount to fair value. However, he cautions that small-cap performance might not materialize until later in the year when economic conditions improve and monetary policy becomes more accommodative. Conversely, large-cap and mid-cap stocks are less appealing as they are trading at similar discounts to the overall market. Moreover, monetary policy plays a central role in Sekera's analysis. Morningstar's economics team forecasts three federal funds rate cuts in 2025 and anticipates a gradual economic rebound starting in early 2026. While long-term interest rates are expected to remain stable initially, they are projected to enter a multiyear downward trend later in 2025. He also addressed misconceptions about market sell-offs being driven by tariffs. Instead, he attributed much of the downturn to a concentrated sell-off in AI-related stocks. According to Morningstar's analysis, losses from just ten highly AI-correlated stocks outweighed overall market declines, with seven of these being among the top-performing stocks in 2024. To curate the list of 12 high-growth non-tech stocks that are profitable in 2025, we used the Finviz stock screener, Seeking Alpha, and Yahoo Finance as our sources. Using the screener we aggregated a list of non-tech stocks that have grown their revenue and net income by more than 15% over the past 5 years. Next, we cross-checked the 5-year sales growth and net income from Seeking Alpha. We also checked for TTM net income from Yahoo Finance and only added companies that had a TTM net income of more than $500 million. Lastly, we ranked the stocks in ascending order of the number of hedge fund holders, sourced from Insider Monkey's Q4 2024 database. Please note that the data was recorded on March 28, 2025. Also note that for some companies the TTM net income was mentioned in foreign currencies, in such cases it was manually converted to USD. The conversion rates are as of March 28, 2025. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A business owner tallying their profits in the back office of a local banking branch. HDFC Bank Limited (NYSE:HDB) is one of India's leading private sector banks, offering a comprehensive suite of banking and financial services. Its operations are divided into key segments such as Retail Banking, Wholesale Banking, Treasury Operations, and other Financial Services. During the fiscal third quarter of 2024, HDFC Bank Limited (NYSE:HDB) reported ₹652.8 billion in consolidated net revenue and ₹176.6 billion in profit after tax. The profit after tax grew by 13.1% year-over-year, whereas the net income rose 7.7% to ₹306.5 billion. Management noted that the bank is navigating a challenging macroeconomic environment in India, marked by tight liquidity, moderating urban demand, and volatility in the Indian rupee. Despite the challenges, HDFC Bank Limited (NYSE:HDB) achieved robust growth in average deposits, with a 16% increase year-over-year. Moreover, it also added over 1,000 branches, enhancing its reach and accessibility for customers. The bank is well-positioned with sufficient liquidity and capital, enabling it to capitalize on opportunities when macroeconomic conditions improve. It is one of the high-growth non-tech stocks that are profitable. Brown Advisors Global Leaders Strategy stated the following regarding HDFC Bank Limited (NYSE:HDB) in its Q4 2024 investor letter: 'HDFC Bank Limited (NYSE:HDB) has shown robust fundamental business drivers, but the shares have relatively underperformed since its merger with former parent HDFC Ltd. This merger enhances HDFC Bank's long-run business opportunities, particularly mortgages, in the Indian market but comes with short-term sub-optimal funding which we expect to unwind over the next couple of years. With an enhanced competitive position, we feel it unlikely this remains an issue over time. HDFC Bank has also shown good downside protection historically when the credit cycle turns, and the bank's defensive lending practices allow it to outperform peers. Impressively, management has expanded lending at the right time historically too. We believe these characteristics remain intact.' Overall, HDB ranks 7th on our list of best aerospace and defense stocks to buy according to analysts. While we acknowledge the potential of HDB as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HDB but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
28-03-2025
- Business
- Yahoo
Is HDFC Bank (HDB) the Best ADR Stock to Buy According to Hedge Funds?
We recently compiled a list of the . In this article, we are going to take a look at where HDFC Bank Limited (NYSE:HDB) stands against the other best ADR stocks. American Depositary Receipts (ADR) are US-listed securities that represent shares in foreign companies, allowing American investors to gain exposure to international equities without dealing with foreign exchanges or currencies. Unlike regular shares of domestic companies, ADRs are issued by US banks and trade on American exchanges, typically in US dollars. While they provide easier access to foreign markets, ADRs can carry additional risks such as currency fluctuations, geopolitical factors, and differences in accounting standards or regulatory environments. Investors should also note that ADRs come in two forms: sponsored and unsponsored. Sponsored ADRs are issued in partnership with the foreign company and typically offer more reliable financial reporting and investor communication. Unsponsored ADRs, on the other hand, are created without the company's direct involvement and may have limited information available, making due diligence more challenging. READ ALSO: 10 Worst ADR Stocks To Buy According to Short Sellers ADRs were not particularly popular in the last 15 years, as the US stock market has been the best-performing developed market since the 2008 financial crisis, significantly and consistently outperforming all major European markets as well as the Chinese stock market. The US stock market has massively benefited from the US's technological leadership and the emergence of tech giants with multi-trillion-dollar capitalizations, a more favorable business environment with lower tax rates, more aggressive financial stimulus, and, more importantly, significantly higher productivity growth vs. other regions. As a result, the US stock markets not only delivered higher earnings growth but also experienced the largest increase in valuations compared to Europe and China. The latter is partially attributed to foreign capital flowing into the US market as investors recognized the superior growth opportunities of US companies. The recent political developments initiated by the Trump 2.0 regime have set the stage for a potential reversal of the aforementioned trends, which may drive relative outperformance of foreign markets and make ADRs attractive again. First, the Trump 2.0 tariff turmoil and massive cuts in federal spending are likely to cause an economic slowdown and thus cut the earnings growth potential of domestic companies. Second, the threat of tariffs imposed on the USA's allies is already causing retaliatory measures, including the potential substitution of American products for European or Canadian alternatives (again, this endangers the earnings growth potential of US domestic companies while boosting the potential of European and Canadian companies). Third, Europe has recognized that the US has become a less reliable partner, as evidenced by the major shift in policies of the new administration, and is already taking steps to ensure its independence and minimize dependence on the US. This is illustrated by the recent decision of Germany to create a €500 billion infrastructure fund to boost its defense capabilities (funds which are planned to be spent primarily on European contractors). Last but not least, the increasing tensions between the Western allies could potentially drive a return of European capital to the European continent, which may cause a relative valuation repricing in favor of the European stock market. With that being said, the key takeaway for readers is that the current developments in the US and Europe suggest a potential break of the trend in which the US strongly outperformed Europe and China for the last 15 years. In this context, gaining more international exposure through ADRs could be a great way to not only hedge domestic risk but also gain exposure to new emerging tailwinds such as the accelerating European spending on defense. Both the European and Chinese stock markets have outperformed the US since election day, meaning that there is already strong confirmation for the developments discussed above. A business owner tallying their profits in the back office of a local banking branch. For this article, we used a Finviz screener to filter all the available ADR stocks. Then we compare the list with our Q4 2024 proprietary database of hedge funds' ownership and include in the article the top 12 stocks with the largest number of hedge funds that own the stock. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points ().HDFC Bank Limited (NYSE:HDB) is an India-based financial institution and one of the country's largest private-sector banks. It offers a broad range of banking services, including retail banking, wholesale banking, treasury operations, and digital banking products. The bank provides loans, credit cards, savings and current accounts, and investment services to individuals and businesses. HDB has an extensive distribution network across urban and rural India, supported by digital platforms and mobile banking. It also engages in trade finance, cash management, and foreign exchange services. With 50 hedge funds owning the stock, HDB is one of the best ADR stocks to buy. HDFC Bank Limited (NYSE:HDB) is operating in a challenging macro environment characterized by tight liquidity conditions, signs of moderating urban demand, tepid private capital expenditure, and volatility in the Indian rupee. Despite these challenges, the bank has shown positive momentum with robust growth in average deposits at 16% and continued market share gains. The bank has successfully normalized its credit deposit ratio, with deposit growth outpacing loan growth, achieving an AUM advance growth of 8% YoY. Net Interest Margins have remained stable despite headwinds from tight liquidity and the pricing environment. The bank has maintained strong credit parameters across segments, with slippages, gross NPA, and credit costs remaining resilient and stable, excluding some cyclical patterns in the agri sector. On the operational front, HDFC Bank Limited (NYSE:HDB) has added over 1,000 branches while maintaining tight cost control with only 7% YoY cost growth. Looking forward, HDB is well-positioned with sufficient liquidity and capital, allowing it to capture market share when macro conditions stabilize. The bank's strategy includes growing deposits faster than the system and maintaining a balanced approach to growth, in line with their committed glide path on the CD ratio. The management has outlined a growth trajectory where FY2025 will see growth lesser than the system, FY2026 will be in line with the system, and FY2027 will be faster than the system. Overall HDB ranks 11th on our list of the 12 best ADR stocks to buy according to hedge funds. While we acknowledge the potential of HDB as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HDB but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks To Buy Now According to Billionaires Disclosure: None. This article is originally published at . Sign in to access your portfolio
