BAJAJ BROKING
The Bajaj Broking Research Desk has identified HDFC Bank as a notable Margin Trading Facility (MTF) stock pick, targeting a price of ₹1,947 from its current level of ₹1,725. This recommendation stems from HDFC Bank’s strong Q2FY25 performance, which showcased stable margins, robust deposit growth, and strategic branch expansion. This selection reflects the bank’s readiness to seize economic and credit growth opportunities.
HDFC Bank’s Q2FY25 performance exemplifies resilience and strategic foresight. Key highlights include:
Margin Trading Facility enables investors to leverage their market positions by borrowing funds to trade larger volumes. While this can enhance potential returns, it requires careful management and consideration of associated risks. Bajaj Broking’s MTF services are structured to provide flexibility and expert-backed strategies for informed trading. Explore more about MTF with Bajaj Broking.
HDFC Bank’s share price has been in a steady uptrend over the past nine months, forming a bottom at ₹1,363 in February 2024. The breakout above multiple highs over the last three years signals a potential structural turnaround, creating a fresh entry opportunity for investors. Among key technical indicators, the weekly MACD has shown a positive bias, rebounding from its nine-period average and validating upward momentum. The stock is expected to continue its upward movement, with a target of ₹1,947 based on a 161.8% external retracement of its previous breather range (₹1,725-₹1,363).
HDFC Bank offers an opportunity for strategic investment under Bajaj Broking’s MTF recommendation, supported by strong financials and expert analysis. Leveraging MTF can help investors maximize their market exposure and returns, backed by research-driven insights.
Note: The figures are as of 3:30 PM on 11th November 2024. For more details, you can check out the Research report attached below.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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