Stock Tips. Stock recommendation. Share Market. HDFC Bank Share Target Price- Brokerage advised to put money in HDFC Bank share

New Delhi. After the June quarter results of HDFC Bank, the company’s share has become a favorite of foreign brokerage houses like CLSA, Goldman Socks, Jeffers and Nomura. Gadgad Brokerage has taken a bullish stance on HDFC Bank shares with the bank’s quarterly performance. The bank has done operational performance as expected and has recorded better results in pre-provision operating profit (PPOP) and estimates due to tax reversal. Because of this, brokerage has advised investors to invest money in HDFs Bank stock.

Today, on Monday 21 July, HDFC Bank shares are trading at Rs 1994 with a rise of about two per cent. This stock has jumped 2.34 percent in the last one month. In the year 2025, it has given 12 per cent returns to investors, so in the last one year its price has increased by 21.38 per cent.

Jefferies has increased the target of the bank’s stock to ₹ 2,400. The value of its US Depository Receits (ADR) has fixed $ 92. On Monday, the bank’s stock closed up 1.76% at ₹ 1,991.90. Goldman Socks said that the bank’s performance had been in accordance with its estimate. He said that now the bank is in a position to complete its guidance of loan growth and better NIM and operating leverage in H2 will increase profits. Brokerage has estimated 12% in FY25 and 20% operating profit growth in FY27. Goldman Sachs has fixed the target ₹ 2,327, giving the ‘outperform’ rating on the bank.

CLCA’s opinion

CLSA said the bank’s NII and PPOP were better than 2% and 10% of its estimates respectively. Deposit growth and NIM performance were the main attractions. The CLSA said that NIMs were expected to fall 15bps in large banks, but HDFC Bank showed only 11bps decline, which is better. CLSA has increased its target from ₹ 2,200 to ₹ 2,300 and has retained the O-PF rating.

Nomura said it is assessing HDFC Bank at 2.3 times the June 2027 BVPS and its new target is ₹ 2,190, which was earlier ₹ 2,140. Brokerage has estimated the bank’s subsidiary value ₹ 240 per share.

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