HDFC Bank shares hit fresh high as Q2 results exceed expectations; brokerages raise price targets

HDFC Bank share price rise in October 20 trade. 

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26 Aug, 2025 12:21

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HDFC Bank shares hit a fresh 52-week high on Monday after the lender reported better-than-expected earnings for the September quarter, driven by steady loan growth and higher trading income.

On the NSE, the stock rose 1.74 percent to Rs 1,020. It has advanced over 3 percent in the past four sessions. The company's market capitalization post listing of shares stood at Rs 15,45,050.35-crore on the National Stock Exchange (NSE).

The country’s largest private sector lender reported a net interest margin (NIM) of 3.27 percent for the quarter, compared with 3.35 percent in the preceding three months. Loans grew 9.9 percent year-on-year during the quarter.

Analysts at Nuvama Institutional Equities said they expect NIMs to improve from the third quarter, citing the bank’s “superior” asset quality and strengthening core earnings as key positives.

Macquarie said in a note that improvement in NIMs and sustained loan growth remain key drivers for a potential re-rating of the stock.

Following the quarterly results, at least 10 brokerages raised their price targets on HDFC Bank, according to data compiled by LSEG. The stock carries an average “buy” rating from 38 brokerages, with a median price target of Rs 1,150.

So far this year, the stock has gained around 15 percent.

(Inputs from Reuters) 

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