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HDFC Bank receives highest target with buy call, over 70% surge expected
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CNBC Awaaz•05-10-2026, 17:28
HDFC Bank receives highest target with buy call, over 70% surge expected
- •Brokerage firm Emkay Global Financial Services has maintained a buy rating on HDFC Bank shares with a target price of 1,225 rupees.
- •This target indicates a potential upside of about 74 percent in the share from its current market price.
- •The RBI has approved the appointment of Anup Bagchi as the new MD and CEO of HDFC Bank starting October 1, 2026.
- •Other major brokerages like Morgan Stanley and Kotak Institutional Equities have also issued buy recommendations with targets of 1,025 and 1,050 rupees respectively.
- •The new leadership is expected to remove long-standing uncertainties regarding management succession and restore investor confidence.
Key Questions Answered
Emkay Global Financial Services has maintained a 'Buy' rating on HDFC Bank with a target price of ₹1,225, representing a potential upside of about 74% from its closing price of ₹705 on Monday.
The RBI approved the appointment of Anup Bagchi as the new MD and CEO of HDFC Bank, with a three-year tenure starting from October 27, 2026.
Key priorities for the new MD include ensuring stability in top management, reviving deposit growth, increasing branch productivity, and strengthening technological and digital capabilities alongside processes to move past past issues like mis-selling.
