India's largest private lender HDFC Bank posted Q4 Results banks lender's net Profit rises by 6.7% YoY to ₹17,616 Crore and Bank's Net interest income is up by 10.3% YoY and brokerage seem to like what they see! After the period of muted loan growth now bank is back in track with modest pick-up in momentum 

Here's What Brokerages Says on HDFC Bank's Q4 Results 

• UBS has maintained buy rating with ₹2,250 target price. Brokerage firm says HDFC Bank slightly beat expections on profit after tax and pre provision operating profit (PPOP) . More important bank's NIM expanded and this is strong positive for future earnings
• Jefferies has raised target price ₹2,340 and keeping buy Rating. Brokerage Firm says Q4 profit stood at ₹176 Billion which implies 7% growth and this is ahead of what street estimated. Thanks to better loan growth and improved margins
• Nuvama too bullish with target Price of ₹2,195. This brokerage Firm says Strong Q4 with crore PPOP growing 10% YoY and 2% QoQ . Slippages which is key risk metrics and its down 15% QoQ and this is an encouraging sign for asset quality
• CLSA has upgraded HDFC Bank with target of ₹2,200 while the sticking with upgrade call after four consecutive quarters of underwhelming performance The bank finally shows some traction with loan growth rising 4% QoQ. Hdfc bank also re affirmed to ambition to grow with street expections
• Macquarie echoes same tone, calling Q4 PAT performance inline with expectations and though othe  income is lower and the impact was offset by higher NIMs,With this Macquarie maintaining buy Call on HDFC Bank with Target Price of ₹2,300

After a rather cautious post merger now HDFC Bank seems to finding its feet. Most brokerage agrees that hdfc bank faced short-term headwinds but Fundamentals of bank still remains Robust, improving liquidity and stabilizing LDR

Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any stock.