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Technical Report on HDFC by Shyam Advisory

November 22, 2021

The Housing Development Finance Corporation Limited (HDFC) was amongst
the first to receive an ‘in principle’ approval from the Reserve Bank of India (RBI)
to set up a bank in the private sector. HDFC Bank is a publicly held banking
company, the bank was incorporated in August 1994 in the name of ‘HDFC Bank
Limited’, with its registered office in Mumbai, India. It is engaged in providing a
range of banking and financial services including retail banking, wholesale banking
and treasury operations. It is promoted by HDFC Ltd. which has 19.32% stake as on
September 30, 2020. Currently, HDFC Bank Ltd. (HBL) is the largest private sector
bank in India. As on March 31, 2020, the bank’s total balance sheet size stood at Rs.
15,30,511 Cr.


Technical View: The given chart trading close to 200 EMA, We may see some pull
back from this level, RSI is in to oversold zone. Last trading session Bullish candle
suggest same.
Volume analysis:- Delivery Volume is at 74 % till date, However; One month
averaged delivery volume increase by 5 % and one day delivery volume fell by 23 %
over 5 day average despite, which show stock is building up positive momentum,
Hence; we recommend “BUY’ signal @ 1490 to 1500 upside target 1550 and 1580
Stop loss 1450.
Moving Averages :- HDFC Bank Ltd. is trading higher than 200 day moving
averages but lower than 5 day, 20 day, 50 day and 100 day moving averages s
5 Day 1,552.24 100 Day 1,549.24
20 Day 1,608.66 200 Day 1,519.47
50 Day 1,598.36 .
Date 22/11/2021
Shareholding pattern:-


Capital Adequacy Ratio – 18.8%
Net Interest Margin – 4.2%
Gross NPA – 1.32%
Net NPA – 0.40%
Promoters holding 25.83% , No change in pledge shares and promoters holdings.
Key Statistics
P/E Ratio
26.86
1-Yr Return
39.71
(Best) P/E Ratio
21.89
30 DA Vol (m)
0.27
(Best) PEG Ratio
1.21
EPS (Rs.)
57.88
Shares Outstanding (cr)
5,536.31
Best EPS Curr (Rs.)
63.55
Price/Book Ratio
4.09
Dividend
0.42
Price/Sales Ratio
5.48
Last Dividend
6.50