Added to YB: 2024-04-29
Pitch date: 2024-03-31
HDB [bullish]
HDFC Bank Limited
+41.14%
current return
Author Info
No bio for this author
Company Info
HDFC Bank Limited provides banking and financial products and services to individuals and businesses in India, Bahrain, Hong Kong, Singapore, and Dubai.
Market Cap
INR 15.3T
Pitch Price
INR 709.59
Price Target
N/A
Dividend
1.10%
EV/EBITDA
N/A
P/E
21.23
EV/Sales
N/A
Sector
Banks
Category
turnaround
Longleaf Partners International Fund Added On Portfolio Holding: HDFC Bank Limited
HDFC Bank, India's largest private bank, down on near-term challenges post-merger with HDFC Ltd. High loan-to-deposit ratio due to NBFC loans constraining growth. Long-term potential intact with 15% lending share, merger synergies, and lower costs as branches mature. Best-in-class franchise with strong track record. Added to position.
Read full article (1 min)