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.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Devyani International Q2 Results FY24-25 Preview | Estimate
13 Nov, 2024 | 1 Min. read
Bank of India Q2 Results FY24-25 Preview | Estimate
13 Nov, 2024 | 1 Min. read
Tata Chemicals Europe to Invest ₹655 Crore in UK Sodium Bicarbonate Plant
13 Nov, 2024 | 2 Min. read
EMS Secures ₹681.5 Crore JV Contract with Kolkata Municipal Corporation
13 Nov, 2024 | 2 Min. read
Federal Bank Raises ₹1,500 Crore in Maiden Infrastructure Bond Issuance
13 Nov, 2024 | 2 Min. read
Quality Investment Holdings PCC to Sell 9.43% Stake in PNB Housing Finance
13 Nov, 2024 | 2 Min. read
Share Market Today | Nifty Hints At Negative Opening Amid Global Profit Booking
13 Nov, 2024 | 4 Min. read
BSE Q2 Results FY24-25 Preview | Estimate
13 Nov, 2024 | 1 Min. read
Bosch Q2 Results FY24-25 Preview | Estimate
13 Nov, 2024 | 1 Min. read
Commodities Market Today | Oil Near 2-Week Low; Gold Drops Amid Stronger Dollar
13 Nov, 2024 | 1 Min. read
Gold Rate Today | Gold Prices Drop 0.8%, Hit $2,599 Ahead of Inflation Data
13 Nov, 2024 | 2 Min. read
Market Sentiments: Meaning, Indicators, Factors, Examples & Impact
13 Nov, 2024 | 4 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading