HDFC Bank Share Price Target: 'BUY' Ahead Of Q4 Results? Check Share Price Target And Key Dates

hdfc bank share price target: ‘buy’ ahead of q4 results? check share price target and key dates

HDFC Bank Share Price Target: India’s largest private bank HDFC shares on Thursday rose by nearly 0.30 per cent on NSE and reached Rs 1,513 a piece. While on the BSE the banking stock has gained over 0.25 per cent at Rs 1513 per share. n the last one month HDFC has gained over 4 per cent amid raising speculations on the quarterly four(Q4) financial results. As the stock is gaining positive momentum should investors ‘BUY’? ahead of q4 financial results announcement. Check multiple brokerage recommendations on share price targets and HDFC Q4 results schedule and dividend announcement.

HDFC Bank Q4 Results Date and Time

HDFC Bank, a leading private sector bank, disclosed in a regulatory filing on April 16, 2024, that its board of directors is scheduled to convene on April 20, 2024, to approve the financial results for the quarter ending March 2024. The earnings call is slated to take place at 6:00 PM on the same day.

In its regulatory filing, HDFC Bank stated, “In continuation of our intimation dated March 20, 2024, regarding the announcement of financial results of the Bank for the year ended March 31, 2024 (‘the financial results’), we wish to inform you that the Bank will host an earnings call with analysts and investors at 18:00 hours (IST) on April 20, 2024, wherein the senior management of the Bank will discuss the financial results with the participants.”

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HDFC Bank Dividend Announcement

In addition to discussing financial results, HDFC Bank will deliberate on recommending a dividend on equity shares of the Company during its board meeting on April 20, 2024. The bank conveyed this information via an exchange filing, stating, “We wish to inform you that the meeting of the Board of Directors of HDFC Bank Limited (‘the Bank’) will be held on Saturday, April 20, 2024, to inter-alia consider the following…Proposal for recommendation of dividend on the equity shares of the Bank for the financial year ended March 31, 2024.”

A dividend serves as a corporate action through which companies reward their shareholders by distributing a portion of profits on each share owned. It is typically announced quarterly or annually, depending on the company’s policy.

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HDFC Bank Share Analysis: Market Experts Bullish On Banking Stock | Know Target Price

Previous Financial Performance

In the third quarter of FY24, HDFC Bank reported a net profit of Rs 16,372.54 crore, with net interest income (NII) reaching Rs 28,471.34 crore and other income at Rs 11,137 crore.

HDFC Share Price Target

Various brokerage firms have offered insights into HDFC Bank’s stock, with optimistic price targets:

Calsa On HDFC Share Price Target

Outperformer rating with a share price target of Rs 1,650 per share.

Jefferies Share Price Target

Jefferies has given a ‘BUY’ rating and a share price target of Rs 1,800 per share, representing a potential upside of 20 per cent.

Macquarie Share Price Target

Macquarie has given a ‘BUY’ rating and a target price of Rs 2,000 per share, highlighting the bank’s robust business update in Q4.

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