HDFC Bank share price rose 2.2 per cent on the BSE in the intraday trade and hit a fresh record high of ₹1,950 per share. Analysts see up to 15 per cent upside from current market price
In the past five trading days, HDFC Bank and ICICI Bank shares have outperformed the market by surging up to 11 per cent
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On the net interest income (NII) front, analysts remain divided and see the growth between -7.6 per cent and 9 per cent Y-o-Y.
In the past one month, HDFC Bank and ICICI Bank have outperformed the market by surging 10% and 9%, respectively, as against 4% rise in the Nifty 50.
Technically, the stock is placed above key moving averages, backed by a favourable price-to-moving averages action on daily chart. On the upside, the stock can potentially zoom to ₹ 2,100 levels.
HDFC Bank remains an outlier among banks because of its strong asset quality performance, given the rising stress, especially in the unsecured segment.
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At a broader level, meanwhile, Wood suggested investors sell rallies in the US stocks and increase exposure elsewhere, most particularly Europe, China and emerging market equities in general
Nifty 50 has corrected 10 per cent from its peak in September 2024, Goldman Sachs said, driven by cuts in EPS growth following a slower macro as well as a sharp correction in valuation multiples
In the past one year, HDFC Bank has outperformed the market by surging nearly 30 per cent, as compared to the 8 per cent rise in the BSE Sensex
HDFC Bank stock has confirmed a breakout from a descending trendline, signaling the end of its corrective phase and the start of a fresh upward move
The auto sector is exhibiting a mixed trend, with Tata Motors now attempting a recovery after a seven-month corrective phase
Technical chart hints up to 10% downside risk for the Bank Nifty; among private banking shares HDFC Bank looks weak; while ICICI Bank and Axis Bank may trade with a favourable bias in the near-term.
HDFC Bank and ICICI Bank hold over 53% weightage in the Bank Nifty, thus having a major impact on the likely trend in the banking index; check key support and resistance levels for these 3 here
Stocks to Buy Today: The recent buying traction in HDFC Bank share has been backed by a rise in trading volumes
HDFC Bank share price: HDFC Bank share price rose 1.2 per cent on the BSE, hitting an intraday high of Rs 1,685 per share
Stock Market Close Highlights, Jan 22: The NSE Nifty 50 index ended 131 pts higher at 23,155. Sectorally, the Nifty IT index soared over 2 per cent, while the Realty index cracked almost 5 per cent.
HDFC Bank Q3 results 2025 date: HDFC Bank will report Q3 results 2025 on January 22