Analyst Rating
based on 41 analysts
80.49%
Buy
19.51%
Hold
0.00%
Sell
Based on 41 analysts offering long term price targets for HDFC Bank Ltd. An average target of ₹1868.71
Source: S&P Global Market Intelligence
HDFC Bank Ltd Share analysis
HDFC Bank Ltd price forecast by 41 analysts
Upside of11.98%
High
₹2550
Target
₹1868.71
Low
₹1545
HDFC Bank Ltd target price ₹1868.71, a slight upside of 11.98% compared to current price of ₹1694.8. According to 41 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
HDFC Bank Ltd revenue growth forecast
Expected growth rate Q1, FY2026:0
Forecast
Actual
Including amortisation and stock based compensations
HDFC Bank Ltd EPS growth forecast
EPS estimate Q1, FY2026:23.15%
Forecast
Actual
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹1,671.1₹1,698.952 Week's Low
52 Week's High
₹1,363.55₹1,794
| Returns % | |
| 1 Month Return | + 2.28 % |
| 3 Month Return | + 3.79 % |
| 1 Year Return | + 2.44 % |
| Market Stats | |
| Previous Close | ₹1,668.80 |
| Open | ₹1,671.85 |
| Volume | 2.05Cr |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹12,72,666.82Cr |
Key Statistics
| P/E Ratio | 18.57 |
| PEG Ratio | 7.97 |
| Market Cap | ₹12,72,666.82 Cr |
| P/B Ratio | 2.5 |
| EPS | 86.15 |
| Dividend Yield | 1.35 |
| Sector | Banks |
| ROE | 16.88 |
Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹12,72,666.82 Cr | 10.51% | NA | ₹64,062 Cr | ₹4,07,994 Cr | |
| BUY | ₹1,14,227.12 Cr | 2.04% | NA | ₹8,977 Cr | ₹55,143 Cr | |
| HOLD | ₹33,456.64 Cr | -10.66% | NA | NA | NA | |
| BUY | ₹8,93,337.30 Cr | 43.51% | NA | ₹44,256 Cr | ₹2,36,037 Cr | |
| BUY | ₹3,81,030.13 Cr | 18% | NA | ₹26,386 Cr | ₹1,37,989 Cr |
Company Information
HDFC Bank's popular brands include HDFC Bank SmartUp, HDFC Bank InstaBanking, HDFC Bank PayZapp, HDFC Bank EasyEMI, HDFC Bank MoneyBack Credit Card and HDFC Bank Diners Card. The bank also has a range of digital banking services such as HDFC Bank Mobile Banking, HDFC Bank Net Banking, HDFC Bank Phone Banking and HDFC Bank UPI. A notable fact about HDFC Bank is that it was the first Indian bank to launch an IPO in 1995, which was oversubscribed 55 times. Another interesting fact is that HDFC Bank is the largest credit card issuer in India.
The parent company, Housing Development Finance Corporation, is a prominent player in India's housing finance sector. In a significant merger and acquisition (M&A) move, HDFC Ltd. and HDFC Bank announced a merger in 2022, aimed at creating a financial giant by combining their strengths in housing finance and banking. This merger is expected to enhance the bank's product offerings and expand its customer base.
Share Price: ₹1694.80 per share as on 18 Sep, 2024 04:01 PM
Market Capitalisation: ₹12,72,666.82Cr as of today
Revenue: ₹1,16,996.49Cr as on June 2024 (Q2 24)
Net Profit: ₹16,474.85Cr as on June 2024 (Q2 24)
Listing date: 14 Jun, 1995
Chairperson Name: Atanu Chakraborty
| Organisation | HDFC Bank Ltd |
| Headquarters | Mumbai |
| Industry | Banks |
| E-voting on shares | Click here to vote |
Key events for HDFC Bank Ltd
Quant Fund Exits HDFC Bank Stake Amid Concerns - 18 Sep, 2024
Quant Mutual Fund has sold its entire stake in HDFC Bank, raising concerns over the bank's prolonged underperformance. Meanwhile, ICICI Bank crosses the 9 lakh crore milestone, highlighting competitive dynamics in the banking sector.
HDFC Bank Pursues Fintech Partnerships for Growth - 17 Sep, 2024
HDFC Bank is actively seeking fintech collaborations to innovate in loan products, payments, and customer service. Meanwhile, investor interest remains low due to weak EPS growth.
HDFC Bank's CSR Initiatives and Upcoming Q2 Results - 16 Sep, 2024
HDFC Bank is focusing on CSR initiatives, including boosting farmer incomes and achieving carbon neutrality by 2032. The bank also announced a board meeting for Q2 results on October 19, 2024, while facing a compensation order for service deficiency.
HDFC Bank's CSR Initiative Targets Farmer Empowerment - 15 Sep, 2024
HDFC Bank's Parivartan initiative aims to uplift 5 lakh marginal farmers by 2025, enhancing livelihoods and contributing to sustainable development. The bank reported a CSR spend of Rs 945.31 crore for FY24, reflecting its commitment to social responsibility.
HDFC Bank Faces Penalty Amid Mutual Fund Selloff - 13 Sep, 2024
HDFC Bank is negotiating to offload ₹8,400 crore in loans to improve its credit-to-deposit ratio. Additionally, mutual funds sold over ₹8,200 crore in shares, and the bank faced a ₹1-crore penalty from the central bank for violations.
HDFC Bank Faces Regulatory Pressure and Loan Sales - 12 Sep, 2024
HDFC Bank is negotiating to sell ₹84 billion in loans to enhance its credit-to-deposit ratio, facing regulatory scrutiny. Additionally, the RBI imposed a ₹1 crore fine for recovery agent misconduct.
HDFC Bank Penalized by RBI for Regulatory Lapses - 11 Sep, 2024
The Reserve Bank of India imposed a ₹1 crore penalty on HDFC Bank for failing to comply with regulations regarding interest rates and customer service. The bank's non-compliance included offering gifts and contacting customers outside permissible hours.
RBI Fines HDFC Bank for Regulatory Non-Compliance - 10 Sep, 2024
The Reserve Bank of India has fined HDFC Bank Rs 1 crore for non-compliance with guidelines on interest rates, recovery agents, and customer service. Despite the penalty, HDFC Bank's stock saw a minor uptick.
HDFC Bank Raises 3-Month MCLR Rate - 07 Sep, 2024
HDFC Bank has revised its Marginal Cost of Lending Rate (MCLR), increasing the 3-month rate by 5 basis points to 9.30%, effective September 7, 2024. Other tenures remain unchanged.
HDFC Bank Moves Forward with HDB IPO Plans - 04 Sep, 2024
HDFC Bank is advancing plans for an IPO of HDB Financial Services, targeting a December listing. The bank aims to sell 10-15% stake, enhancing capital adequacy significantly. Additionally, it rejected MUFG's stake proposal to meet listing timelines.
HDFC Bank to Sell Advances to Manage Deposits - 03 Sep, 2024
HDFC Bank intends to sell Rs 10,000 crore ($1.2 billion) of its advances to address a loans-to-deposit ratio that has surpassed 100% for four consecutive quarters.
HDFC Bank Reports Strong Credit Card Growth and Partnerships - 02 Sep, 2024
HDFC Bank shows robust growth with nearly 4 lakh credit card additions in July. The bank temporarily suspends its Apple partnership while signing an MoU with JLR India for auto financing. A shareholder divested a minor stake for Rs 166.96 crore.
HDFC Bank Updates on Apple Partnership and PoS Machines - 01 Sep, 2024
HDFC Bank has temporarily paused its partnership with Apple after a cost review. Additionally, the bank plans to deploy 1 million PoS machines yearly, enhancing payment solutions.
HDFC Bank Updates Reward Points Policy - 31 Aug, 2024
HDFC Bank will implement new limits on reward points for credit card transactions, effective September 1, impacting utility and telecom payments. The bank also led transaction volumes and values in July.
HDFC Bank Sees Growth and Strategic Moves Amid MSCI Adjustments - 30 Aug, 2024
HDFC Bank is poised for significant inflows due to MSCI adjustments, while launching DigiPassBook and planning to sell Rs 10,000 crore in loans via pass-through certificates to manage credit-deposit ratios. The bank's leadership remains optimistic about growth in the credit card sector.
HDFC Bank Introduces GIGA for Gig Workers - 29 Aug, 2024
HDFC Bank has launched GIGA, a comprehensive suite of digital-first products tailored for gig workers, offering savings accounts, loans, and health insurance to meet their financial needs.
HDFC Bank Implements New Reward Points Cap - 27 Aug, 2024
HDFC Bank will limit reward points on utility transactions to 2,000 per month and launch a credit card loyalty program starting September 1.
HDFC Bank Receives BUY Rating and Leads CD Issuance - 26 Aug, 2024
HDFC Bank has been the largest certificate of deposit issuer in 2024, with ₹39,410 crore issued. A brokerage has assigned a BUY rating with a target price of Rs 1,850, suggesting a potential 14% return from the current price.
FPIs Sell Banking Shares Amid Concerns - 25 Aug, 2024
Foreign Portfolio Investors (FPIs) have been selling banking shares in India, including HDFC Bank, due to concerns over slow deposit growth and challenges in Q1FY25, such as shrinking margins and deteriorating asset quality.
HDFC Bank Rejects Stake Proposal, Launches FD Scheme - 23 Aug, 2024
HDFC Bank's board rejected Mitsubishi UFJ Financial's $2 billion stake proposal in its NBFC arm, opting for a listing instead. The bank also announced a penalty for tax issues and launched a new fixed deposit scheme with competitive interest rates.
Insights on HDFC Bank Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTPrice Rise
In the last 3 years, HDFCBANK stock has moved up by 7.0%
- POSITIVE IMPACT
MF Holding Up
Mutual Funds have increased holdings from 20.03% to 21.48% in Jun 2024 quarter
NO EFFECTAgainst Peers
In the last 3 years, State Bank of India has given 79.0% return, outperforming this stock by 72.0%
- NO EFFECT
Against Peers
In the last 1 year, State Bank of India has given 29.6% return, outperforming this stock by 27.2%
NEGATIVE IMPACTRevenue Fall
Revenue is down for the last 2 quarters, 1.24L Cr → 1.16L Cr (in ₹), with an average decrease of 5.9% per quarter
- NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 16.06% to 15.00% in Jun 2024 quarter
- NEGATIVE IMPACT
Profit Down
Netprofit is down for the last 2 quarters, 17.62K Cr → 16.47K Cr (in ₹), with an average decrease of 6.5% per quarter
- NEGATIVE IMPACT
FII Holding Down
Foreign Institutions have decreased holdings from 41.36% to 40.79% in Jun 2024 quarter
HDFC Bank Ltd Infographics
HDFC Bank Ltd Q1 FY2024-2025 Results: Key Insights
HDFC Bank has announced its Q1FY25 earnings, highlighting key performance metrics for the quarter.
News
Bank loans to NBFCs slow, card & gold continue to surge
India Business News: Bank credit to non-banking finance companies saw a significant decrease to 8.5% year-on-year growth by June 2024, compared to 16% in May. However, cre01 Aug, 2024 06:37 AMHdfc Bank Share Price Live blog for 01 Aug 2024
Hdfc Bank Share Price Today Live Updates : Hdfc Bank stock price went up today, 01 Aug 2024, by 0.11 %. The stock closed at 1615.3 per share. The stock is currently trading at 1617.05 per share. Investors should monitor Hdfc Bank stock price closely in the coming days and weeks to see how it reacts to the news.01 Aug, 2024 08:04 AMHDFC Bank credit card rules change from today: How it impacts your payments, reward points, all the details
From August 1, HDFC Bank has implemented a new fee structure for credit card transactions, which includes additional charges for payments using third-party apps.01 Aug, 2024 08:30 AMCompany Financials
Index Inclusions
Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 0% | 0.00 | |
| Foreign Institutions | 40.79% | ||
| Mutual Funds | 21.48% | 7.21 | |
| Retail Investors | 15% | ||
| Others | 22.73% | 0.77 |
Key Indicators
HDFC Bank Ltd Valuation
HDFC Bank Ltd in the last 5 years
Lowest (15.43x)
February 14, 2024
Industry (15.76x)
September 17, 2024
Today (18.57x)
September 17, 2024
Highest (33.49x)
September 23, 2019
Earnings and Dividends
HDFC Bank Ltd Earnings Results
HDFC Bank Ltd’s net profit jumped 33.18% since last year same period to ₹16,474.85Cr in the Q1 2024-2025. On a quarterly growth basis, HDFC Bank Ltd has generated -6.51% fall in its net profits since last 3-months.
Read More about Earnings ResultsHDFC Bank Ltd Dividends April,2024
In the quarter ending March 2024, HDFC Bank Ltd has declared dividend of ₹19.50 - translating a dividend yield of 1.17%.
Read More about Dividends
Technicals Summary
Bearish
Neutral
Bullish
HDFC Bank Ltd is currently in a Bullish trading position according to technical analysis indicators.
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HDFC Bank Ltd (HDFCBANK) share price today is ₹1694.8
HDFC Bank Ltd is listed on NSE
HDFC Bank Ltd is listed on BSE
- Today’s highest price of HDFC Bank Ltd is ₹1698.9.
- Today’s lowest price of HDFC Bank Ltd is ₹1671.1.
PE Ratio of HDFC Bank Ltd is 18.57
PE ratio = HDFC Bank Ltd Market price per share / HDFC Bank Ltd Earnings per share
Today’s traded volume of HDFC Bank Ltd(HDFCBANK) is 2.05Cr.
Today’s market capitalisation of HDFC Bank Ltd(HDFCBANK) is ₹1272666.82Cr.
| HDFC Bank Ltd(HDFCBANK | Price |
|---|---|
52 Week High | ₹1794 |
52 Week Low | ₹1363.55 |
HDFC Bank Ltd(HDFCBANK) share price is ₹1694.8. It is down -5.53% from its 52 Week High price of ₹1794
HDFC Bank Ltd(HDFCBANK) share price is ₹1694.8. It is up 24.29% from its 52 Week Low price of ₹1363.55
| HDFC Bank Ltd(HDFCBANK | Returns |
|---|---|
1 Day Returns | 26% |
1 Month Returns | 2.28% |
3 Month Returns | 3.79% |
1 Year Returns | 2.44% |