Brokerages have provided mixed ratings for HDFC Bank, with varying target prices and outlooks. Below is a summary of their recommendations, target prices, and expected percentage upside/downside based on the current market price (CMP) of ₹1,748.40:
| Brokerage | Rating | Target Price (₹) | Expected % Upside/Downside |
|---|---|---|---|
| Bernstein | Outperform | 2,300 | +31.5% |
| Jefferies | Neutral | 1,780 | +1.8% |
| Morgan Stanley | Overweight | 1,975 | +13.0% |
| Nomura | Neutral | 1,780 | +1.8% |
Summary
- Bernstein: Maintains an ‘Outperform’ rating with a target price of ₹2,300, projecting a significant upside of 31.5%.
- Jefferies: Maintains a ‘Neutral’ stance with a target price of ₹1,780, reflecting a modest upside of 1.8%.
- Morgan Stanley: Retains an ‘Overweight’ rating with a target of ₹1,975, estimating a 13% upside.
- Nomura: Also maintains a ‘Neutral’ rating with a target price of ₹1,780, in line with Jefferies’ view.
HDFC Bank remains a solid pick for some brokerages like Bernstein and Morgan Stanley, citing potential for strong growth. However, others, including Jefferies and Nomura, adopt a more cautious stance, reflecting limited short-term upside.
Disclaimer: The above analysis is based on inputs provided and is for informational purposes only. It does not constitute financial advice. Readers are advised to consult their financial advisors before making any investment decisions.
