HDFC Bank is one of the largest private sector banks in India. In Jan 2024, the HDFC Bank was about to break its all-time high but its stock crashed by approx 20% from the level in just 1 to 2 weeks. As there are no major issues in the stock it is available at very huge discount as of now. In the next few months, we may see a new all-time high in the stock, check the complete prediction of HDFC Bank share price for 2024, 2025, and 2026.
In the year 2023, the HDFC and HDFC Bank merged. So, all the financial data is also merged. With this merger, HDFC Bank has a wide range of opportunities to make good profits in the next and beat all the competition in the upcoming years.
During this merger, it was expected that the HDFC Bank would make a massive profit but in reality, after the merger, there was no major growth in the net profit and revenue. As a result, the HDFC Bank stock crashed very badly in just 1 to 2 weeks, and as of 13 Feb 2024, the stock is trading at a very huge discount.
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About HDFC Bank
HDFC Bank is an Indian private-sector bank. It was founded in 1994 and currently, its managing director is Mr. Sashidhar Jagdishan.
HDFC Bank is involved in providing banking and finance services to businesses, retailers, and many more. HDFC Bank is India’s largest price sector bank with a Market cap of Rs. 10,56,200 Crore.
HDFC bank is involved in many businesses and offers many products and services related to finances like retail banking (almost all types of loans, all retail banking services, saving ¤t accounts), provides many types of home loans, wholesale banking, and many more.
There are many types of services and products HDFC Bank offers, you can check all the products and services by visiting this page.
Company Fundamentals
From the fundamentals, you can know about the company in detail like the strength of the company, the right value of the company, the position of company among the all companies of the same sector, financial statements, growth of the company, and many more.
Most probably you are a retail investor, so it is highly recommended to do a fundamental analysis of the stocks in which you are investing or already invested. In case, you know how to do a fundamental analysis of companies you can learn it from the Internet.
Note: The fundamentals of the HDFC Bank were last updated on 13 Feb 2024. Check the latest information on any broker website or screener.
Net Profit & Loss (Yearly)
| Year | Net Profit & Loss (In Crore) |
|---|---|
| March 2019 | ₹22,446 |
| March 2020 | ₹27,296 |
| March 2021 | ₹31,857 |
| March 2022 | ₹38,151 |
| March 2023 | ₹46,149 |
Net Profit & Loss (Quarterly)
| Quarter | Net Profit & Loss (In Crore) |
|---|---|
| Dec 2022 | ₹12,735 |
| Mar 2023 | ₹12,634 |
| Jun 2023 | ₹12,403 |
| Sep 2023 | ₹17,312 |
| Dec 2023 | ₹17,718 |
Company Essentials
| Market Cap | ₹10,56,200Cr | ROE | 13.50% |
| P/E Ratio (TTM) | 17.89 | EPS (TTM) | 77.72 |
| P/B Ratio | 2.42 | Div Yield | 1.00% |
| Industry P/E | 14.05 | Book Value | 575.76 |
| Debt to Equity | NA | Face Value | 1 |
Shareholding Pattern
| Held By | Jun 2023 | Sep 2023 | Dec 2023 |
|---|---|---|---|
| FIIs | 33.38% | 52.13% | 52.31% |
| DIIs | 26.75% | 30.39% | 30.52% |
| Public | 14.19% | 17.30% | 16.98% |
| Promoters | 25.52% | 0.0% | 0.0% |
| Other Holders | 0.0 % | 0.0% | 0.0% |
Key Points
- According to the data on Sep 2023 quarter, promoters sold their 100% holdings from the stock.
- From the Sep 2023 quarter, FIIs and DIIs drastically increased their holding in the stock. You can check the holdings of each quarter in the above table.
- As of now, HDFC Bank PE is at an all-time low, investing at this level can give you a massive profit in 2024.
Quarterly Results
In the Dec quarter, the net profit of the HDFC Bank was higher than its net profits of previous quarters. As the net profit was less than the estimated profit, its stock crashed badly. In the Dec 2023 quarter, the net profit was Rs. 17,718 Crore.
Thumb Rules for Investing
Just by doing fundamental analysis, anyone cannot book maximum returns on the stocks. Based on the investors’ experiences a few basic rules become the rules for investing. In short, most retail investors or newbie investors make the below mistake as a result they do not get the maximum return on their investing.
These rules apply to the maximum sectors’ stocks. If you are new in the market or don’t have enough knowledge, you should follow the rules to strengthen your self psychology.
Rule #1: Do not invest all the money in one sector’s stocks. No matter what is the future of the sector. If you invested all the money in one sector, you’ll be in a huge loss if the sector faces any issue.
Rule #2: Invest a maximum of 5% – 6% of the total money in any stock. Suppose you have Rs. 1 Lakh and invest only 5000 – 6000 in any stock. This rule is applicable when you are retail, and can not track all the stocks.
Rule #3: Invest in a maximum of 2-3 stocks of a sector. When any sector faces problems then other sectors’ stock will save you from huge losses.
Rule #4: Invest in stock when the stock the available at a 10% low from its 52-week high. Some people invest in stocks at high, and as a result, they do not get good returns on their investments.
Rule #5: Invest in stocks for at least 5 – 7 years to get very high returns. Keep booking the profit from time to time.
Rule #6: Keep averaging the stock if everything is right in the company and the stock is available at a high discount due to any market crash.
Rule #7: Before Investing in any stock make sure you check its fundamental and related news. It will help you to stay away from the stock which can give you huge losses.
HDFC Bank Share Price Target
HDFC Bank is fundamentally very strong and there are no major issues according to its fundamental data. The business model, services, and products the HDFC Bank provides for people and businesses are very strong and useful in real life.
Hope you have seen in HDFC Bank’s chart pattern that the stock has not given a return in the last 2 – 3 years even after giving good revenue growth in each quarter and much more growth in the services and numbers.
As of now, most investors are bullish and expecting a very strong move in the next few months. Recently FII, DII, and many investors bought the HDFC Bank stock, you can see the data in the shareholding pattern by combining with the last few months.
In the stock chart, there are many patterns formed that indicate a massive HDFC Bank share price target in the upcoming years. As the stock also waited a very long time in a range and when the range will be broken we can see also good moves in the short term.
Disclaimer: We are not SEBI registered. The post is only for educational purposes not for any investing advice. Do your analysis or ask your financial advisor before investing. We will not be responsible for any loss or profit.
HDFC Bank share price target 2024
As of now, HDFC Bank stock is trading near a 52-week low due to the Cash in Jan 2024. It is good for those people who missed the rally in the banking stocks. So, for the short term like 5 to 7 months investing in the stock can make you very profitable.
There is also a very high chance that the HDFC Bank stock can create a new all-time high. So, expecting a 20% to 25% move in the stock in 2024 is good, and most probably it will happen soon.
No matter, whether you want to invest in the HDFC Bank for the short term or long term, buying at this level can give you a very huge return in less than 1 year.
HDFC Bank share price target 2025
For the long term, the stock is one of the best in the banking sector. The stock has not moved anywhere in the last 3 years but in 2024 it will break its all-time high and give a massive profit if you invest at this level.
Over the last few years, the profit growth and the revenue growth of the HDFC Bank have increased a lot but there was no major moment in the stock price. It may be because of the critical situations in the world. As a result, a lot of things are also affected.
If you are planning to buy the stock at the current price for the long term then make sure you are investing in the stock at a lower price and in SIP mode.
HDFC Bank share price target 2025
In the last 10 – 12 months the stock is trading at the same level and hitting a 52-week high multiple times. If any stock price hits any level multiple times then there is a very high chance it will break the take level very soon.
Many experts are expecting that by the year 2026, we can see up to 35% return in the HDFC Bank. As the HDFC company is also merged, their growth will be also combined.
As of now, the PE Ratio of the HDFC Bank is near 15 – 16 and its all-time high PE was near 34 in 2021 during the merger announcement of the HDFC and the HDFC Bank. Hope you know, that if the PE Ratio will double then the stock price can also double or near to double.
To get this type of return you will need to invest money from the long term like 5 to 7 years.
FAQs
There is no doubt they HDFC Bank is a good stock to buy. It is the last price sector bank In India and provides many services and products related to banking and finance. As the stock is near an all-time high, investing in an SIP mode will be good.
According to the experts and brokerage firms in the next few years, the stock price can go near 2050 – 2100. The price target may change with time and the new price action.
As we know that in the future the HDFC Bank and HDFC Limited company will be merged. Once they are merged we can see a massive growth in the company finance. According to the current conditions, the Future of HDFC Bank is very bright.
Final Words: HDFC Limited and HDFC Bank will be merged in the future and good growth can be seen in the company finance. HDFC Bank is already India’s private sector bank so, there is no doubt it will keep rising. For long-term investments where risk is low, HDFC Bank is one of the best stocks.