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7 India Stocks With Upside

4. HDFC Bank (HDB - Get Report) is an India-based bank operating in the retail, wholesale and treasury segments.

During the March quarter, net profit was up 33% year-over-year, driven by robust net interest income, fee income and lower provisions.

Credit growth rose 27.1% year-over-year, topping the industry average of 21% boosted by corporate and retail loans. Net interest margin stood at 4.2%, while the share of lower-cost deposits stood at 53% -- the best among peers.

Gross non-performing assets declined 4.9% sequentially, with coverage improving 106 bps to 82.5%. Strong loan growth and lower credit costs are driving the bank's earnings. Analysts' consensus estimate pegs average gains at around 26% over the next one year.

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HDB $55.18 -2.47%
INFY $30.62 -1.92%
IGTE $47.45 -0.44%
N $97.26 0.00%
RDY $52.47 -1.83%


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