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HDFC- Best ever profit reported in 2023

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1HDFC- Best ever profit reported in 2023 Empty HDFC- Best ever profit reported in 2023 Mon Apr 08, 2024 12:43 pm

ApolloCSE


Stock Trader

While top tier commercial banks get attention, this smaller sized development bank is still trading very cheap.

For the entire 2023, HDFC has reported a massive EPS of 23, thank to one off debt security trading gains.

NAV is above 120
HDFC is still trading below 35

HDFC used to declare dividends, considering mammoth profits, I am expecting some special dividend, even pay out ratio of  30%, it would be a massive yield on current price.

There were stories of merger with other banks like SMIB.

Second largest shareholder of HDFC  is LOLC.

Being a state owned bank, this was once listed for SoE sales as well, if this is the case HDFC can run like SLT.

Top 20 shareholders list got some new interesting players too, probably expecting this case in near future. If such sales happen, it could be around the price of BV. Considering the current book value of 120, we can expect a sale price of at least 100 /= or above. DYOR

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