This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

6 Indian Growth Stocks With Upside: Analysts

2. HDFC Bank (HDB - Get Report) is one of the biggest private sector banks focusing on retail, wholesale and treasury operations.

HDFC Bank's net profit increased 33% year-over-year in the December quarter, largely driven by income growth and lower provisioning. Loan advances grew 33% year-over-year.

Despite a 10 basis point year-over-year decline, margins remained healthy at 4.2%, supported by low-cost deposit franchises. However, margins could face some pressure, as the bank has to expand its deposit base.

Provisioning expenses were under control and coverage ratio improved to 81%. Asset quality remained healthy and continued to improve, gross and net non-performing loan ratios improved sequentially. Restructured assets stood at 0.3% of loan book.

The stock delivered 25% gains during the last one year. Analysts' consensus estimates project a 30% upside from current level. The stock is trading 3.8 times its estimated 2012 book.

6 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
HDB $56.66 0.00%
IBN $10.82 0.00%
IGTE $47.80 0.00%
RDY $52.79 0.00%
WNS $24.36 0.00%

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs