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HDFC Bank Q1 Results Review: Systematix Maintains 'Buy', Revises Target Price — Here's Why
Based on revised estimates Systematix revises its target price to Rs 2290 and maintain Buy rating on HDFC Bank.
21 Jul 2025, 03:30 PM IST 
HDFC Bank has made a contingency provision of Rs 17 billion. The bank has witnessed higher slippages during the quarter, but they are mainly due to seasonally high agri slippages. (Photo: Shubhayan Bhattacharya/ NDTV Profit)
HDFC Bank has divested around 135 billion shares of HDB Financials as an offer for sale during its IPO in June 2025. The gross value for the OFS was Rs 100 billion and post the estimated IPO expense the net gain for the bank was Rs. 91.28 billion. The same was accounted as part of other income during the quarter.
