HDFC Bank Share Price Target – 2023, 2024, 2025, 2026 and 2030

If you are looking for “HDFC Bank share price targets” for upcoming years you are in the right place. Before we dive into HDFC Bank stock price targets, Let’s understand the HDFC Bank company background, technical fundamentals etc.

About HDFC Bank

HDFC Bank is the largest private sector bank in India, with assets totaling nearly $122.5 billion. It is also the world’s 10th largest bank by market capitalisation, and the third largest company by market capitalisation on the Indian stock exchanges. The bank employs nearly 150,000 people, making it one of the largest employers in India. HDFC Bank was incorporated in 1994 as a subsidiary of the Housing Development Finance Corporation, with its registered office in Mumbai. The bank’s first corporate office and full-service branch were inaugurated by Manmohan Singh, the then Union Finance Minister, at Sandoz House in Worli.

HDFC Bank has since grown to become a leading player in the banking sector, with a strong presence in both retail and corporate Banking. The bank offers a wide range of products and services, including credit cards, loans, and deposits. HDFC Bank has been consistently ranked amongst the top banks in India by various financial magazines and research firms. The bank has also won several awards and accolades for its performance, including the ‘Bank of the Year‘ award from The Banking Times in 2019. HDFC Bank is a key player in the Indian Banking sector and is well-positioned to capitalise on the growth opportunities in the country.

Fundamentals of HDFC Bank

Let’s look at the fundamentals of HDFC Bank, based on which we can get a clear understanding of the expertise in the banking sector.

• Current Market Cap: The current market cap of HDFC Bank as of October 6 2022, is ₹8,08,201.05 Cr..
• P/E Ratio: The current price to earning ratio of HDFC Bank is 21.03.
• Profit Growth: Profit growth is around 18.78 % over the period of time

HDFC Bank Price Target Details

We have done a complete analysis of HDFC Bank and have come up with its share price targets for upcoming years.

Note: These price targets of “HDFC Bank” is only for reference purpose only, this prediction is only if there are positive market sentiments, and any uncertainties in the company or global market condition is not covered in this analysis.

HDFC Bank share price target 2023

The target share price of HDFC Bank for the year 2023 will be ₹2500

HDFC Bank share price target 2024

The target share price of HDFC Bank for the year 2024 will be ₹2900

HDFC Bank share price target 2025

The target share price of HDFC Bank for the year 2025 will be ₹3300

HDFC Bank share price target 2026

The target price of HDFC Bank for the year 2027 will be ₹3900

HDFC Bank share price target 2027 to 2030

The target share price of HDFC Bank for the years 2027, 2028, 2029, and 2030 will be ₹4300, ₹4900, ₹5300, and ₹5900 respectively.

Technical Analysis of HDFC Bank LTD Stock

• The current stock price of HDFC Bank as of September 22 is ₹1,530.

52-Week High and Low

• 52-Week High: ₹1,758
• 52-Week Low: ₹1,365

Bullish Targets

1. Initial Target: ₹1,650
   • Reason: The stock has shown a strong support level at ₹1,500. A break above ₹1,600 could lead to an initial target of ₹1,650 based on Fibonacci retracement levels.
2. Intermediate Target: ₹1,720
   • Reason: The stock has a resistance at ₹1,700. Breaking this could lead to an intermediate target of ₹1,720 based on moving averages.
3. Advanced Target: ₹1,800
   • Reason: If the stock breaks the 52-week high, it could lead to an advanced target of ₹1,800 based on historical volatility.

Bearish Targets

1. Initial Target: ₹1,450
   • Reason: If the stock breaks the support level at ₹1,500, the initial bearish target would be ₹1,450 based on Bollinger Bands.
2. Intermediate Target: ₹1,400
   • Reason: A break below ₹1,450 could lead to an intermediate target of ₹1,400 based on RSI levels.
3. Advanced Target: ₹1,365
   • Reason: If the stock reaches its 52-week low, the advanced bearish target would be ₹1,365.

Quarterly Revenue of HDFC Bank

Here is the bar chart representing the quarterly revenue of HDFC Bank for the last four quarters.

52-Week Price Range of HDFC Bank

Here is the line chart representing the 52-week low, current price, and 52-week high of HDFC Bank.

Table for Quarterly Revenue

Conclusion

Based on the technical analysis, HDFC Bank’s current stock price is ₹1,530, with a 52-week high and low of ₹1,758 and ₹1,365, respectively. The quarterly revenue has shown consistent growth, reaching ₹51,168 crores in Jun 2023. The stock has strong support at ₹1,500 and resistance at ₹1,700, which are crucial for setting bullish and bearish targets. These technical numbers, along with robust financial metrics, indicate that HDFC Bank has a strong growth potential.

In my opinion, HDFC Bank presents a solid investment opportunity for both short-term and long-term gains. However, it’s essential to monitor market conditions and quarterly results for any sudden changes. Always consult your financial advisor before making any investment decisions.