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HDFC Bank Shares Surge: Is the Bad Phase Over? Experts Weigh In on Future Outlook.
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News18•22-09-2026, 15:45
HDFC Bank Shares Surge: Is the Bad Phase Over? Experts Weigh In on Future Outlook.
- •HDFC Bank shares have shown continuous strength for three trading days, reaching a seven-week high of Rs 749.30 on Tuesday.
- •According to Anuj Singhal, Managing Editor of CNBC Awaaz, HDFC Bank saw approximately Rs 2000 crore in delivery buying on Friday, indicating strong long-term investor interest.
- •UBS has set a target price of Rs 1000 for HDFC Bank and included it in its Asia-Pacific call list, signaling confidence.
- •HSBC maintained a 'Hold' rating with a target of Rs 830, suggesting most negative news is already factored into the share price.
- •Technically, the stock has recovered well from its Rs 690 low; crossing Rs 760-770 could open the path towards Rs 800.
Key Questions Answered
HDFC Bank shares demonstrated continuous strength over a three-day trading period, gaining nearly 5 percent and reaching a seven-week high of Rs 749.30 in Tuesday's session.
UBS has assigned a target price of Rs 1000 for HDFC Bank and included it in its Asia-Pacific call list, while HSBC maintained a 'Hold' rating with a target price of Rs 830.
Market experts note that clarity regarding the upcoming CEO appointment and potential changes in the repo rate are among the most significant developments for the stock, alongside managing asset quality and growth margins.
