ADVERTISEMENT
'Add' HDFC Bank Shares Maintains Dolat Capital Post Inline Q1 Results, Hikes Target Price — Here's Why
Dolat Capital maintain ‘Accumulate’ rating with revised target price of Rs 2,230, valuing standalone bank at 2.5x FY27E PBV and adding subsidiary value.
21 Jul 2025, 01:52 PM IST 
%20011123-2.jpg?rect=0%2C0%2C1611%2C906&auto=format%2Ccompress&fmt=avif)
HDFC Bank reported an in-line quarter with 10 bps NIM decline and contained credit costs at 41 bps.
(Photographer: Usha Kunji/NDTV Profit)
When compared with large private banks, HDFC Bank reports its recovery from written-off accounts in the ‘other income’ line vs the same being adjusted to provisions in case peer banks. Compared like to like, and adjusted for any one-offs across banks in Q1, HDFC Bank’s credit costs stood at 40 bps vs 53/115 bps for ICICI Bank/Axis Bank.
