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Technical Report on HDBC BANK by Shyam Advisory

October 16, 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.

HDFCBANK - Shyam Advisory
Fundamental View: 18 per cent increase in its consolidated net profit at Rs 9,096
crore for the second quarter ended September 2021. Total consolidated income
during the quarter under review rose to Rs 41,436.36 crore from Rs 38,438.47 crore
in July-September 2020
Technical View: Recent Breakout on chart and better than expected result may
indicate that positive trend may continue, RSI and MACD crossover supporting
this trend
Volume analysis:-Monthly Delivery volume increase by 10 % and last 5 days
average volume increase by 143.46%, Which indicating positive trend and we
recommend “BUY’ signal @ 1687 upside target 1700 & 1720 keeping stop loss at

KEY POINTS Shareholding Pattern

HDFC 1 - Shyam Advisory
Capital Adequacy Ratio – 18.8%
Net Interest Margin – 4.2%
Gross NPA – 1.32%
Net NPA – 0.40%
CASA Ratio – 46.1%
Key Ratio:-
P/E Ratio
1-Yr Return
(Best) P/E Ratio
30 DA Vol (m)
(Best) PEG Ratio
EPS (Rs.)
Shares Outstanding (cr)
Best EPS Curr (Rs.)
Price/Book Ratio
Price/Sales Ratio
Last Dividend