Buy HDFC Bank With Stop Loss Of Rs 2075
Technical analyst Prakash Gaba has maintained 'buy' rating on HDFC Bank Limited stock with a target of Rs 2150.
According to analyst, the investors can purchase the stock with a stop loss of Rs 2075.
Mr. Gaba said that the said target can be attained in 2-3 trading sessions.
The stock of the company, on January 18, closed at Rs 2108.75 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 2518 and a low of Rs 1560 on BSE.
Current EPS & P/E ratio stood at 74.13 and 28.13 respectively.
As per reports, private sector lender HDFC Bank Ltd's board meeting will take place on January 27 in order to consider the unaudited financial outcomes for the three month period ended December 2010 (Q3).
In addition, HDFC Bank has came forth as the India's most popular banking institution for 2010 in terms of online visits, whilst the country's biggest bank State Bank of India pocketed the fourth rank.
Indian banking information portal BankingOnly. com report made this declaration.
As per a research by BankingOnly. com, HDFC Bank drew in 4,17,360 online visitors on a daily basis to turn into the most popular banking institution of the country in 2010.
The fame of HDFC Bank is assessed by the figure of every day visitors on its internet site.
The rstudy is based on reports from a range of rating portals plus analytical data.
HDFC Bank is accompanied by ICICI Bank and Axis Bank, with 4 lakh and 1.59 lakh visitants per day on their internet site, respectively.
Other banking institutions in the record comprise Union Bank of India (sixth), IDBI Bank (seventh), UCO Bank (eighth), Bank of India (ninth) and Corporation Bank (10th).