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Moneycontrol•05-10-2026, 12:00
Emkay Global Recommends Buying HDFC Bank with Rs 1225 Target
  • •Emkay Global Financial has issued a 'buy' rating for HDFC Bank.
  • •The target price set by Emkay Global Financial for HDFC Bank is Rs 1225.
  • •The research report from Emkay Global Financial is dated October 05, 2026.

Key Questions Answered

Emkay Global Financial issued a research report on October 05, 2026, recommending a buy rating on HDFC Bank with a target price of Rs 1225.

HDFC Bank reported a 1QFY27 profit of INR190.6b, which was up 5% year-on-year and down 1% quarter-on-quarter.

ICICI Securities lowered its target price for HDFC Bank to INR 1,020 in July 2026, valuing the stock at approximately 2x FY28E core ABV.