HDFC Bank Ltd (NSE: HDFC) is India's largest private sector bank in terms of assets and the fourth largest in the world in terms of market capitalisation. The bank provides banking and financial services across the country. It was established in 1994 and offers retail and wholesale banking, loans, credit cards, insurance, and asset management services.
Based in Mumbai, the private sector bank has grown to more than 8,300 branches in India, with 77,000+ employees. Over the last 6 months, the share price of HDFC Bank has gone through several highs and lows, with the HDFC Bank Share Price declining 14.74% in the past 6 months from Rs 1757.5 to Rs 1425.00.
Let's take a look at the factors that will affect the HDFC Bank Share Price Target over the next few years.
HDFC Recent News Headlines
HDFC Bank Share Price Drops 12% on Saturday
HDFC Bank shares 2025 dropped 12% on Saturday after the company announced to donate Rs 99 lakh for UN SDGs in Goa through its support of startups.
The bank's share price has fallen by Rs. 1476.65 or 12% from its 52-week high of Rs. 1460.65 on 26 October 2023.
HDFC Bank's share price has also hit a new 52-week low of Rs. 1440.55 on Friday.
According to the company's announcement, HDFC Bank will open 1,000 branches in 2024, which will take the total number of branches to 13.00,000 by end-2027.
On the other hand, HDFC Bank's ADR has dropped by more than 9% after the company announced its Q3 results. The bank's ADR has fallen by 15% in 2 days.
HDFC Bank Share Price Target 2024
Month (2024)Maximum TargetMinimumTarget
JanuaryRs –Rs –
FebruaryRs 1,843.09Rs 1,602.57
MarchRs 1,882.20Rs 1,661.95
AprilRs 2,029.27Rs 1,945.59
MayRs 2,107.72Rs 1,621.33
JuneRs 2,229.27Rs 1,945.59
JulyRs 2,149.88Rs 1,666.57
AugustRs 2,364.87Rs 1,876.88
SeptemberRs 2,483.11Rs 1,910.08
OctoberRs 2,721.31Rs 2,247.16
NovemberRs 2,967.37Rs 2,359.52
DecemberRs 3,128.72Rs 2,406.71
HDFC Bank Share Price Target 2025
Month (2025)Maximum TargetMinimumTarget
JanuaryRs 3,191.29Rs 2,454.84
FebruaryRs 3,359.26Rs 2,584.04
MarchRs 3,527.22Rs 2,713.24
AprilRs 3,149.30Rs 2,422.54
MayRs 2,863.00Rs 2,202.31
JuneRs 3,149.30Rs 2,422.54
JulyRs 2,999.34Rs 2,307.18
AugustRs 3,124.31Rs 2,403.31
SeptemberRs 3,280.52Rs 2,523.48
OctoberRs 3,477.35Rs 2674.89
NovemberRs 3,720.77Rs 2,862.13
DecemberRs 3,795.18Rs 2,919.37
HDFC Bank Share Price Target 2026 to HDFC Bank Share Price Target 2030
Year Maximum targetMinimum Target
2026Rs 2,656.63Rs 1,859.64
2027Rs 2,258.13Rs 1,580.69
2028Rs 4,064.64Rs 2,845.25
2029Rs 8,349.41Rs 5,844.58
2030Rs 9,298.20Rs 6,508.74
HDFC Financials 2023
Revenue1.13 Trillion INR 23.96% YOY
Operating expense515.34 Billion INR 27.84% YOY
Net Income459.97 Billion INR 20.88% YOY
Net Profit Margin40.69 Billion INR -2.49% YOY
Earnings Per Share2.89 -95.77%
EBITDA
Effective Tax Rate24.96%
Total Assets25.30 Trillion INR 19.20% YOY
Total Liabilities22.40 Trillion INR 19.48% YOY
Total Equity2.90 Trillion INR
Return on assets1.98%
Return on Capital
P/E Ratio16.03
Dividend Yield1.33%
HDFC Bank Share Price Prediction by Industry Experts
KR Choksey – Rs 2060
Motilal Oswal – Rs 2070
JM Financials – Rs 1725 – Rs 2000
Prabhudas Liladher – Rs 1925
Points to consider before investing in HDFC Bank NSE
There is always a chance of the borrower defaulting on the loan.
As an investor, I can’t ignore the limitations and penalties that HDFC Bank faces. For example, in 2020, RBI imposed a fine on HDFC Bank of Rs 10 crore for car loan issues.
The merger of HDFC Ltd to HDFC Bank in 2023 brought difficulties to the Bank. The Bank’s property business also faced challenges.
The Bank faces stiff competition from the leading banks in the banking industry such as ICICI Bank, Kotak Mahindra Bank, Axis bank, and IndusInd bank.
The brand value of HDFC Bank in the Indian banking industry is not very credible and solid among consumers.
Products portfolio of HDFC Bank cover all the requirements of the customers.
Nowadays, HDFC Bank serves over 120 million customers (after the merger) and has a network of 8300 branches with more than 177.000 employees.
Conclusion
HDFC Bank Stock Price 2025 has been performing well in the last 5 years on NSE. But since 2023, HDFC Bank's stock has been struggling and made many investors rethink their strategies. With the news that 1000 new branches will open in 2024, HDFC Bank stock investors can have some confidence in the future. Motilal Oswal, Jr. Financials, and KR Choksey, Share Market Experts, have predicted that HDFC Bank share price will be between Rs 1925 to Rs 2070 in the next 5 years. Therefore, if you are an investor in India's largest private sector bank, it would be best to consult with an expert before making any investment.