Icci bank vs hdfc bank which is better for 2024

ICICI Bank and HDFC Bank are two of the largest private sector banks in India. Here are some key points to consider when choosing between these banks:

1. **Financial Performance**:
- **ICICI Bank**: Reported a Net Income of INR 146.1 billion and a Revenue of INR 560.3 billion for the quarter ending March 31, 2024. The bank has a Net Income growth rate of 17.54% and a Revenue growth rate of 16.91%.
- **HDFC Bank**: Reported a Net Income of INR 216.2 billion and a Revenue of INR 937.2 billion for the quarter ending March 31, 2024. The bank has a Net Income growth rate of 40.61% and a Revenue growth rate of 130.33%.
2. **Valuation Metrics**:
- **ICICI Bank**: Has a P/E ratio of 19.25 and a Price to Book ratio of 3.32 as of July 15, 2024. The bank's Price to Sales ratio is not provided.
- **HDFC Bank**: Has a P/E ratio of 14.61 and a Price to Book ratio of 2.05 as of July 15, 2024. The bank's Price to Sales ratio is not provided.

|Ticker|Name|Price to Book Ratio|P/S|P/E(TTM)|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|IBN.N|ICICI Bank|3.320385057404571||19.249768|20240715|IBN|169|
|HDB.N|HDFC Bank|2.047286164085014||14.60992|20240715|HDB|169|

3. **Analyst Ratings and Price Targets**:
- **ICICI Bank**: Has an average analyst price target of $31.00, with a high forecast of $34.10. The stock has a moderate buy consensus rating.
- **HDFC Bank**: Has an average analyst price target of $14.61, with a high forecast of $15.25. The stock has a buy consensus rating.

|Ticker|Name|Consensus Rating|Average Price Target|Date|code|market_code|
|---|---|---|---|---|---|---|
|IBN.N|ICICI Bank|||20240712|IBN|169|
|HDB.N|HDFC Bank|||20240712|HDB|169|

4. **Stock Movement and Technical Indicators**:
- **ICICI Bank**: The 50-day moving average is $27.53, and the 200-day moving average is $25.11 as of July 15, 2024. The stock has shown a slight increase in price recently.
- **HDFC Bank**: The 50-day moving average is $59.65, and the 200-day moving average is $58.75 as of July 15, 2024. The stock has been trading around its 200-day moving average.

|Ticker|Name|50-Day Moving Average|200-Day Moving Average|Date|code|market_code|
|---|---|---|---|---|---|---|
|HDB.N|HDFC Bank|59.6514|58.7532|20240715|HDB|169|
|IBN.N|ICICI Bank|27.5308|25.1057|20240715|IBN|169|

5. **Market Position and Growth Prospects**:
- **ICICI Bank**: Has a strong presence in the Indian banking sector and has been rated as a moderate buy by analysts. The bank has a revenue growth forecast of -33.9% for FY25.
- **HDFC Bank**: Is one of the largest banks in India and has been rated as a buy by analysts. The bank has a revenue growth forecast of 221.3% for FY25.

**Conclusion**: Both ICICI Bank and HDFC Bank are strong financial institutions in India. HDFC Bank appears to have a stronger financial performance and revenue growth, with a higher average analyst price target. ICICI Bank has a higher P/E ratio and a slightly higher Price to Book ratio, indicating potential undervaluation. The choice between the two banks depends on factors such as risk tolerance, investment goals, and the specific conditions of the Indian economy. It's important to conduct thorough research and consider individual company fundamentals before making an investment decision.

**Note**: The analysis is based on the data available up to July 16, 2024.