Thursday, October 1, 2020

HDFC BANK | All Weather Stock | Share Price Outlook


HDFC BANK Limited 

Stock/Share Price: 1096


➽ In this article we will discuss recent development in the StockShare of HDFCBANK in the Stock Market. HDFCBANK is India's largest private sector bank with over 6 lakhs crore market cap. It is one of the most trusted stock of the investors and generally all weather performing stock.

Recent Key Strengths

Company with Zero Promoter Pledge

FII / FPI or Institutions increasing their shareholding

Recent Results : Growth in Operating Profit with increase in operating margins (YoY)

Strong Momentum: Price above short, medium and long term moving averages

Growth in Quarterly Net Profit with increasing Profit Margin (YoY)

Increasing Revenue every Quarter for the past 4 Quarters

Annual Net Profits improving for last 2 years


Recent Weaknesses

Companies with Increasing Debt

Declining profits every quarter for the past 2 quarters

Promoter decreasing their shareholding

Low Piotroski Score : Companies with weak financials


Technical Chart 


hdfc bank share price, finvestonline.com



HDFCBANK stock is in strong uptrend from a long time and generated huge returns for the investor. 

Stock was recently in a small price correction and after consolidation again started rising in upside trend.

Fresh Outbreak on charts is seen on charts recently in upside , so Long position can be initiated in the stock for the level of 1140-1286-1440 in upside in short to medium term time frame.


Recent Valuation Summary

hdfcbank share price, finvestonline.com

HDFC BANK is trading at PE of 22 which is below the industrial average of 25.39.

Recent Annual Results

hdfcbank share price, finvestonline.com

Well performing stock in the recent past. Annual interest income and net profit increasing for the 3 years.

Key Balance Sheet Summary

hdfcbank share price, finvestonline.com

Reserves is increasing at a significantly for the 3 years yoy.

Thanks for your Precious Time.


Finvest Online
Telegram  :  t.me/finvestonline






Disclaime
r- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader,user and company that are mention on this website.We are not SEBI registered financial advisor or analyst.


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