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HDFC Bank Ltd share price logo

HDFC Bank Ltd

(HDFCBANK)

₹1865.750.3%

as on 04:01PM, 05 Dec 2024

🔔 Rating Alert

JPMorgan maintains a Neutral rating on HDFC Bank with a target price of Rs 1,750, citing growth constraints despite its safe haven status.

Overview
News
Financials
Q2 2024 Results
Technicals
F&O

HDFC Bank Ltd Analyst Rating

based on 39 analysts

BUY

82.05%

Buy

17.95%

Hold

0.00%

Sell

Based on 39 analysts offering long term price targets for HDFC Bank Ltd. An average target of ₹1946.49

Source: S&P Global Market Intelligence

HDFC Bank Ltd Share analysis

HDFC Bank Ltd price forecast by 39 analysts

Upside of4.64%

High

₹2550

Target

₹1946.49

Low

₹1554

HDFC Bank Ltd target price ₹1946.49, a slight upside of 4.64% compared to current price of ₹1865.75. According to 39 analysts rating.

Source: S&P Global Market Intelligence

HDFC Bank Ltd Performance

  • Day's Low

    Day's High

    ₹1,835.2
    ₹1,879.95
  • 52 Week's Low

    52 Week's High

    ₹1,363.55
    ₹1,879.95
1 Month Return+ 5.82 %
3 Month Return+ 13.05 %
1 Year Return+ 14.56 %
Previous Close₹1,860.10
Open₹1,860.00
Volume1.98Cr
Upper Circuit-
Lower Circuit-
Market Cap₹14,22,022.44Cr

HDFC Bank Ltd Key Statistics

P/E Ratio20.44
PEG Ratio16.22
Market Cap₹14,22,022.44 Cr
P/B Ratio2.5
EPS86.15
Dividend Yield1.35
SectorBanks
ROE16.88

HDFC Bank Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹14,22,022.44 Cr9.87%NA₹64,062 Cr₹4,07,994 Cr
BUY₹77,812.36 Cr-6.77%NA₹8,977 Cr₹55,143 Cr
BUY₹28,683.34 Cr-13.83%NANANA
BUY₹9,28,680.94 Cr29.84%NA₹44,256 Cr₹2,36,037 Cr
BUY₹3,58,793.02 Cr11.8%NA₹26,386 Cr₹1,37,989 Cr

About HDFC Bank Ltd

HDFC Bank, established in 1994 by the Housing Development Finance Corporation (HDFC), is one of India's largest private sector banks. The bank operates in the banking and financial services sector and is headquartered in Mumbai, Maharashtra. It is registered under the Company Identification Number (CIN) L65920MH1994PLC080618. HDFC Bank offers a wide range of products and services, including retail banking, wholesale banking, credit cards, loans, and digital banking services, catering to both individual and corporate customers.
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: ₹1865.75 per share as on 05 Dec, 2024 04:01 PM
Market Capitalisation: ₹14,22,022.44Cr as of today
Revenue: ₹1,21,456.74Cr as on September 2024 (Q3 24)
Net Profit: ₹17,825.91Cr as on September 2024 (Q3 24)
Listing date: 14 Jun, 1995
Chairperson Name: Atanu Chakraborty
OrganisationHDFC Bank Ltd
HeadquartersMumbai
IndustryBanks
E-voting on sharesClick here to vote

Key events for HDFC Bank Ltd

  • HDFC Bank Faces Caution Amid Growth Concerns - 05 Dec, 2024

    JPMorgan maintains a Neutral rating on HDFC Bank, highlighting growth challenges. The bank's treasury head anticipates no RBI rate cuts until February. MSCI's index adjustment may boost foreign inflows, while the bank reports solid quarterly revenue and profit figures.
  • HDFC Bank Hits Record High Amid Positive Sentiment - 04 Dec, 2024

    HDFC Bank's stock reached a record high of ₹1,865, driven by strong market performance, MSCI rebalancing, and diminishing FII selling. Analysts predict further gains, potentially crossing ₹2,000 soon.
  • HDFC Bank Shares Surge After Block Deal and Optimism - 03 Dec, 2024

    HDFC Bank shares rose 2% after a significant block deal, reaching a record high of ₹1,837.40. The CEO expressed optimism about future growth and merger synergies.
  • HDFC Bank Reports Strong Q2FY25 Performance - 02 Dec, 2024

    HDFC Bank's Q2FY25 results show a net revenue of ₹76,040 crore and PAT of ₹17,830 crore. Analysts maintain a positive outlook, targeting ₹2,156/share, while the bank benefits from a flight to quality amid NPA concerns in the sector.
  • HDFC Bank Hits 52-Week High Amid Challenges - 30 Nov, 2024

    HDFC Bank shares soared to a 52-week high of Rs 1,836.10, showcasing strong investor confidence, despite facing post-merger challenges affecting its asset quality and loan growth.
  • HDFC Bank Faces Market Volatility Amid Gains - 29 Nov, 2024

    HDFC Bank's stock faced pressure from market downturns influenced by global trends but saw a slight recovery with a 0.63% rise in intraday trading.
  • HDFC Bank Hits Record High Amid Strong Performance - 28 Nov, 2024

    HDFC Bank shares reached an all-time high of ₹1,836.05, with market capitalization surpassing ₹14 lakh crore. The bank reported a 5.3% increase in Q2FY25 net profit, driven by MSCI rebalancing and strategic initiatives. Despite a brief correction, the stock remains on a strong upward trajectory.
  • HDFC Bank Launches Pragati Account, Market Cap Rises - 27 Nov, 2024

    HDFC Bank launched the Pragati Savings Account aimed at rural and semi-urban residents, enhancing financial inclusion. The bank's shares rose 1.01%, increasing market cap by ₹18,000 crore.
  • HDFC Bank Hits High Amid MSCI Weightage Boost - 26 Nov, 2024

    HDFC Bank shares surged following an increase in MSCI index weightage, attracting significant foreign inflows. The stock reached a 52-week high of ₹1,810, reflecting strong trading activity.
  • HDFC Bank Hits Record High Amid MSCI Inflows - 25 Nov, 2024

    On November 25, HDFC Bank shares reached a record high of ₹1,803, driven by MSCI rebalancing inflows. The stock closed at ₹1,778.95, reflecting strong delivery-based buying and significant trading volumes.
  • HDFC Bank Faces Market Cap Drop Amid Securitisation - 22 Nov, 2024

    HDFC Bank's shares fell 0.40%, leading to a ₹531 crore market cap decline. Later, the bank securitised new car loans exceeding ₹12,700 crore.
  • HDFC Bank Expected to Outperform After Strong Performance - 21 Nov, 2024

    HDFC Bank has shown strong performance over the last few quarters, meeting or exceeding analyst expectations. Analysts express confidence in the bank's potential to outperform in the near future.
  • HDFC Bank Positioned for Potential Breakout - 20 Nov, 2024

    HDFC Bank demonstrates strong relative strength against the market. A breakout above Rs 1,790 is anticipated to enhance its performance significantly.
  • HDFC Bank Shares Surge, Market Cap Increases Significantly - 19 Nov, 2024

    HDFC Bank's shares rose by 2.08%, boosting its market capitalization by Rs 27,000 crore to Rs 13,30,290.95 crore, reflecting strong performance in the banking sector.
  • HDFC Bank Strengthens Leadership and Offers Competitive FD Rates - 18 Nov, 2024

    HDFC Bank appointed Santhosh Iyengar Keshavan as an Independent Director, enhancing leadership and investor confidence, while also offering competitive fixed deposit rates up to 7.90%.
  • HDFC Bank Influences Market Before Reversal - 15 Nov, 2024

    HDFC Bank initially boosted market sentiment alongside Reliance and IT stocks, but both Sensex and Nifty later declined due to global pressures and foreign investor selling.
  • HDFC Bank Launches Initiatives Amid Market Growth - 14 Nov, 2024

    HDFC Bank has been active with various initiatives, including a campaign for student empowerment, a focus on cybersecurity, and a rise in market capitalization. The bank also moderates credit growth while maintaining its status as a Domestic Systemically Important Bank. Predictions for inflation and competitive FD rates further highlight its strategic positioning.
  • HDFC Bank Maintains D-SIB Status, Target Price Set - 13 Nov, 2024

    HDFC Bank remains a Domestic Systemically Important Bank with increased capital requirements. Analysts suggest a target price of Rs 1950 in the coming months, highlighting the bank's resilience amid sector consolidation.
  • HDFC Bank Faces Market Cap Decline Amid Asset Sales - 12 Nov, 2024

    On November 12, 2024, HDFC Bank announced plans to divest real estate assets worth up to ₹3,000 crore. Later, the bank's market cap fell by Rs 32,814 crore due to a 2.43% drop in stock price.
  • HDFC Bank's Strategic Moves and Market Recognition - 11 Nov, 2024

    HDFC Bank is poised for potential growth as it is included in MSCI World Indices. Analysts recommend buying the stock, despite plans for slower loan growth to manage credit-deposit ratios.

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.

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 1.16L Cr → 1.21L Cr (in ₹), with an average increase of 3.7% per quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 40.79% to 41.54% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 1 month, HDFCBANK stock has moved up by 5.8%

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 16.47K Cr → 17.82K Cr (in ₹), with an average increase of 7.6% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, ICICI Bank Ltd has given 85.5% return, outperforming this stock by 61.8%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, State Bank of India has given 41.3% return, outperforming this stock by 26.8%

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 21.48% to 21.22% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 15.00% to 14.42% in Sep 2024 quarter

HDFC Bank Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹1,07,566.62Cr (-)₹1,15,015.51Cr (↑6.92%)₹1,24,391.35Cr (↑8.15%)₹1,16,996.49Cr (↓5.94%)₹1,21,456.74Cr (↑3.81%)
Net Income₹16,811.41Cr (-)₹17,257.87Cr (↑2.66%)₹17,622.38Cr (↑2.11%)₹16,474.85Cr (↓6.51%)₹17,825.91Cr (↑8.20%)
Net Profit Margin15.63% (-)15.00% (↓4.03%)14.17% (↓5.53%)14.08% (↓0.64%)14.68% (↑4.26%)
Value in ₹ crore
Details2021202220232024
Total Assets₹17,46,870.52Cr (-)₹20,68,535.05Cr (↑18.41%)₹24,66,081.47Cr (↑19.22%)₹36,23,225.46Cr (↑46.92%)
Total Liabilities₹17,46,870.52Cr (-)₹20,68,535.05Cr (↑18.41%)₹24,66,081.47Cr (↑19.22%)₹36,23,225.46Cr (↑46.92%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow-₹16,689.78Cr (-)₹41,494.79Cr (↓348.62%)-₹14,208.72Cr (↓134.24%)₹27,313.41Cr (↓292.23%)₹35,014.96Cr (↑28.20%)

Index Inclusions

Nifty Financial

₹24,731.25

0.69 (168.65%)

BSE 100

₹26,178.66

0.86 (223.84%)

S&P BSE Low Volatility

₹1,809.41

0.95 (17.04%)

S&P BSE Largecap

₹9,618.83

0.84 (80.41%)

S&P BSE SENSEX 50

₹25,974.93

0.94 (240.82%)

NIFTY 50

₹24,708.40

0.98 (240.95%)

S&P BSE 250 LargeMidCap

₹10,817.39

0.72 (77.65%)

S&P BSE 100 ESG

₹410.48

0.96 (3.9%)

Nifty100 Low Volatility 30

₹19,704.95

0.9 (176.3%)

S&P BSE 100 LargeCap TMC

₹9,238.66

0.84 (76.57%)

Nifty100 Eq Weig

₹32,765.10

0.55 (180.1%)

S&P BSE Private Banks

₹18,916.98

0.51 (95.74%)

BANKEX

₹60,941.98

0.68 (411.03%)

S&P BSE Fin. Ser

₹11,930.46

0.52 (61.59%)

SENSEX

₹81,765.86

1 (809.53%)

S&P BSE Dividend Stability

₹1,036.82

0.65 (6.66%)

Nifty Private Bank

₹25,958.45

0.69 (178.55%)

Nifty 500

₹23,277.95

0.77 (178.45%)

BSE 200

₹11,398.02

0.76 (85.94%)

BANK NIFTY

₹53,603.55

0.63 (336.65%)

NIFTY 100

₹25,657.85

0.9 (229.45%)

DFRGRI Indices

₹1,466.22

0.44 (6.49%)

Nifty 200

₹13,983.40

0.85 (117.2%)

Nifty Services Sector

₹32,979.95

1.17 (382.75%)

Nifty LargeMidcap 250

₹16,244.75

0.66 (106.95%)

BSE 500

₹36,619.24

0.68 (248.55%)

Nifty100 Quality

₹5,794.55

0.68 (39.4%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

HDFC Bank Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
0%
0.00
Foreign Institutions
41.54%
1.84
Mutual Funds
21.22%
-1.18
Retail Investors
14.42%
-3.86
Others
22.81%
0.37

HDFC Bank Ltd Key Indicators

Details20202021202220232024
Earning Per Share (₹)49.7857.7968.882.7186.15
Details20202021202220232024
Return On Equity %16.416.6116.6616.9616.88
Details20202021202220232024
Return On Assets %1.781.821.841.871.77
Details20202021202220232024
Book Value Per Share (₹)321.63380.59445.99518.73600.77

HDFC Bank Ltd Valuation

HDFC Bank Ltd in the last 5 years

  • Overview

  • Trends

Lowest (15.43x)

February 14, 2024

Industry (16.06x)

December 4, 2024

Today (20.44x)

December 4, 2024

Highest (33.49x)

September 23, 2019

LowHigh

HDFC Bank Ltd Earnings and Dividends

  • HDFC Bank Ltd Earnings Results

    HDFC Bank Ltd’s net profit jumped 6.03% since last year same period to ₹17,825.91Cr in the Q2 2024-2025. On a quarterly growth basis, HDFC Bank Ltd has generated 8.2% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • HDFC 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 1.05%.

    Read More about Dividends

HDFC Bank Ltd Technicals Summary

Bearish

Neutral

Bullish

Bullish

HDFC Bank Ltd is currently in a Bullish trading position according to technical analysis indicators.

FAQs on HDFC Bank Ltd

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HDFC Bank Ltd (HDFCBANK) share price today is ₹1865.75

HDFC Bank Ltd is listed on NSE

HDFC Bank Ltd is listed on BSE

  • Today’s highest price of HDFC Bank Ltd is ₹1879.95.
  • Today’s lowest price of HDFC Bank Ltd is ₹1835.2.

PE Ratio of HDFC Bank Ltd is 20.44

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 1.98Cr.

Today’s market capitalisation of HDFC Bank Ltd(HDFCBANK) is ₹1422022.44Cr.

HDFC Bank Ltd(HDFCBANKPrice
52 Week High
₹1879.95
52 Week Low
₹1363.55

HDFC Bank Ltd(HDFCBANK) share price is ₹1865.75. It is down -0.76% from its 52 Week High price of ₹1879.95

HDFC Bank Ltd(HDFCBANK) share price is ₹1865.75. It is up 36.83% from its 52 Week Low price of ₹1363.55

HDFC Bank Ltd(HDFCBANKReturns
1 Day Returns
5.65%
1 Month Returns
5.82%
3 Month Returns
13.05%
1 Year Returns
14.56%