One of India’s most well-known and trustworthy banks, HDFC Bank has a significant presence in the retail banking industry. Investors favor it because of its strong financial performance and steady growth. In this piece, we’ll look at HDFC Bank’s share price target from 2023 to 2030 and assess whether it’s a wise investment for long-term shareholders to purchase HDFC Bank stock. To give a thorough assessment of HDFC Bank’s prospects, we will examine a range of variables that could have an impact on the bank’s future development and performance, including prevailing economic conditions, market trends, and governmental changes. Let’s investigate the share price objective and investment prospects for HDFC Bank now.
Latest news about HDFC share
➤ HDFC Bank receives a price target of Rs 1960 by KR Choksey.
➤Three sources told Reuters that HDFC Bank Ltd (HDBK.NS), India’s largest private lender, is well-positioned to fulfil reserve ratio requirements following its merger with parent HDFC Ltd (HDFC.NS), even as it waits for the central bank’s final opinion on requests for forbearance.
Srinivasan Vaidyanathan, chief financial officer of HDFC Bank, said during a conference call on Saturday that the $40 billion merger, which was announced in April, is anticipated to be completed by July.
➤According to HDFC Bank, Kaizad Bharucha and Bhavesh Zaveri have been appointed for three-year terms as executive director and deputy managing director, respectively, with approval from the RBI.
➤HDFC Bank has announced a dividend of Rs 19 per share.
How to purchase HDFC Bank shares?
Below are the trading platforms that you can use to purchase HDFC Bank shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Share Price Target for HDFC BANK in 2023
| when | Maximum Price | Minimum Price |
| March 2023 | ₹1,678.00 | ₹1,290.77 |
| April 2023 | ₹1,723.80 | ₹1,630.85 |
| May 2023 | ₹1,750.17 | ₹1,608.21 |
| June 2023 | ₹1,820.80 | ₹1,419.85 |
| July 2023 | ₹2,214.96 | ₹1,703.82 |
| August 2023 | ₹2,436.46 | ₹1,874.20 |
| September 2023 | ₹2,558.28 | ₹1,967.91 |
| October 2023 | ₹2,436.46 | ₹1,874.20 |
| November 2023 | ₹2,680.10 | ₹2,061.62 |
| December 2023 | ₹3,001.71 | ₹2,309.01 |
According to the table, HDFC Bank’s share price is expected to experience significant volatility in 2023, with a range of prices from a minimum of ₹1,183.21 to a maximum of ₹3,001.71. This wide range indicates potential bullish and bearish movements in the stock’s price, influenced by various economic and industry factors. However, despite the potential volatility, the overall trend seems to be bullish, with an estimated growth percentage of more than 130%. This suggests that HDFC Bank may be a good stock to buy for investors who believe in its long-term growth potential. It is worth noting that the stock’s performance in the coming months will be influenced by various factors, including economic conditions, regulatory changes, and industry trends.
Share Price Target for HDFC BANK in 2024
| When | Maximum Price | Minimum Price |
| January 2024 | ₹3,159.70 | ₹2,430.54 |
| February 2024 | ₹3,550.22 | ₹2,958.52 |
| March 2024 | ₹3,737.08 | ₹3,038.27 |
| April 2024 | ₹3,397.34 | ₹2,613.34 |
| May 2024 | ₹2,831.12 | ₹2,177.78 |
| June 2024 | ₹3,397.34 | ₹2,613.34 |
| July 2024 | ₹2,887.74 | ₹2,238.56 |
| August 2024 | ₹3,176.52 | ₹2,521.04 |
| September 2024 | ₹3,335.34 | ₹2,565.65 |
| October 2024 | ₹3,923.93 | ₹3,018.41 |
| November 2024 | ₹4,120.13 | ₹3,169.33 |
| December 2024 | ₹4,202.53 | ₹3,232.72 |
According to the table provided, HDFC Bank’s share price target for 2024 is predicted to show a mix of both bearish and bullish trends. The maximum price target for the year is expected to be ₹4,202.53, while the minimum price target is expected to be ₹2,177.78. This indicates a potential return on investment for investors who buy the stock at a lower price and sell it at a higher price.
Share Price Target for HDFC BANK in 2025
| When | Maximum Price | Minimum Price |
| January 2025 | ₹4,286.58 | ₹3,297.37 |
| February 2025 | ₹4,512.19 | ₹3,470.92 |
| March 2025 | ₹4,737.80 | ₹3,644.46 |
| April 2025 | ₹4,230.18 | ₹3,253.98 |
| May 2025 | ₹3,845.62 | ₹2,958.17 |
| June 2025 | ₹4,230.18 | ₹3,253.98 |
| July 2025 | ₹4,028.74 | ₹3,099.03 |
| August 2025 | ₹4,196.61 | ₹3,228.16 |
| September 2025 | ₹4,406.44 | ₹3,389.57 |
| October 2025 | ₹4,670.82 | ₹3,592.94 |
| November 2025 | ₹4,997.78 | ₹3,844.45 |
| December 2025 | ₹5,097.74 | ₹3,921.33 |
Looking at the table, it appears that HDFC Bank’s share price is expected to continue its upward trend in 2025. The maximum price target for January 2025 is ₹4,286.58, while the minimum price target is ₹3,297.37. The average target price for the year is around ₹4,500, which indicates an upside potential of approximately 20% from the current levels. This suggests that the stock is likely to remain a favorite among investors. However, it is important to note that market conditions can change quickly and may affect the stock’s performance.
HDFC BANK Share Price Prediction 2026-2030
| Year | Maximum Price | Minimum Price |
| 2023 | ₹3,001.71 | ₹1,183.21 |
| 2024 | ₹4,202.53 | ₹2,430.54 |
| 2025 | ₹5,097.74 | ₹3,253.98 |
| 2026 | ₹3,568.41 | ₹2,497.89 |
| 2027 | ₹3,033.15 | ₹2,123.21 |
| 2028 | ₹5,459.67 | ₹3,821.77 |
| 2029 | ₹11,215.02 | ₹7,850.51 |
| 2030 | ₹12,489.45 | ₹8,742.62 |
According to the data, HDFC Bank’s share price is projected to fluctuate between a maximum of ₹5,459.67 and a minimum of ₹2,123.21 in 2028 and between a maximum of ₹12,489.45 and a minimum of ₹8,742.62 in 2030. In 2026, the bank’s share price is expected to be around ₹3,568.41, while in 2027, it is projected to be around ₹3,033.15. The data suggests that HDFC Bank’s share price is likely to experience fluctuations in the coming years, with periods of growth and decline. Therefore, investors should conduct thorough research and consult with financial advisors before making any investment decisions. It is also important to monitor HDFC Bank’s performance and any changes in the economic environment that could affect the bank’s share price.
Financial Condition of HDFC BANK: Last 5 years
| Narration | Mar-18 | Mar-19 | Mar-20 | Mar-21 | Mar-22 |
| Sales | 85,287.84 | 1,05,160.74 | 1,22,189.29 | 1,28,552.40 | 1,35,936.41 |
| Expenses | 29,532.26 | 34,856.27 | 45,459.21 | 52,456.53 | 56,556.96 |
| Operating Profit | 55,755.58 | 70,304.47 | 76,730.08 | 76,095.87 | 79,379.45 |
| Other Income | 16,056.60 | 18,947.05 | 24,878.97 | 27,332.88 | 31,758.99 |
| Depreciation | 966.78 | 1,220.67 | 1,276.77 | 1,385.01 | 1,680.73 |
| Interest | 42,381.48 | 53,712.69 | 62,137.42 | 59,247.59 | 58,584.33 |
| Profit before tax | 28,463.92 | 34,318.16 | 38,194.86 | 42,796.15 | 50,873.38 |
| Tax | 9,903.08 | 11,872.55 | 10,898.59 | 10,939.38 | 12,722.48 |
| Net profit | 18,510.02 | 22,332.43 | 27,253.95 | 31,833.21 | 38,052.75 |
| EPS | 35.66 | 41 | 49.7 | 57.74 | 68.62 |
| Price to earning | 26.44 | 28.28 | 17.34 | 25.87 | 21.43 |
| Price | 943.05 | 1,159.45 | 861.9 | 1,493.65 | 1,470.35 |
| RATIOS: | |||||
| Dividend Payout | 18.23% | 18.29% | 5.03% | 11.26% | 22.59% |
| OPM | 65.37% | 66.85% | 62.80% | 59.19% | 58.39% |
HDFC Bank has shown consistent growth in its financial performance over the past five years, with an increase in sales from ₹85,287.84 crore in March 2018 to ₹1,35,936.41 crore in March 2022. The company has also demonstrated a steady increase in its net profit, from ₹18,510.02 crore in March 2018 to ₹38,052.75 crore in March 2022. Additionally, the earnings per share (EPS) has seen a significant increase from ₹35.66 in March 2018 to ₹82.44 in April 2023. The ratios for dividend payout and operating profit margin have shown fluctuation over the years, with the dividend payout ratio increasing from 18.23% in March 2018 to 22.59% in March 2022. However, the operating profit margin has declined from 65.37% in March 2018 to 58.39% in March 2022. The data suggests that HDFC Bank has shown significant growth in revenue and profit over the past five years, with some fluctuations in the dividend payout and operating profit margin ratios. Price-to-earning and Price-to-Book ratio have also increased to 20.24 and 3.76 respectively, whereas 52-week high and 52-week low stand at 1720 and 1271.6.
Experts’ target for the share price of HDFC
RAHUL SHARMA ON HDFC BANK SHARE PRICE TARGET
Rahul Sharma suggests to buy HDFC Bank with a target price of Rs 1800-2000.
Motilal Oswal ON HDFC BANK SHARE PRICE TARGET
In its research, Motilal Oswal recommends a buy rating on HDFC Bank with a target price of Rs 1950.
KR Choksey ON HDFC BANK SHARE PRICE TARGET
KR Choksey has suggested to buy shares of HDFC Bank with an expected price of Rs 1960
JM FINANCIAL ON HDFC BANK SHARE PRICE TARGET
JM FINANCIAL has given a buy recommendation to HDFC Bank with an projected price of Rs 1840.
ICICI DIRECT ON HDFC BANK SHARE PRICE TARGET
ICICI Direct has recommended to buy stocks of HDFC Bank with a price target of Rs 1970.
SHAREKHAN ON HDFC BANK SHARE PRICE TARGET
Sharekhan has suggested to buy HDFC Bank with a price projection of Rs 1920.
HDFC SECURITIES ON HDFC BANK SHARE PRICE TARGET
HDFC Securities recommends investors to invest in HDFC Bank with an expected price of Rs 1800.
NOMURA ON HDFC BANK SHARE PRICE TARGET
Although Nomura has adjusted its price target of HDFC Bank from Rs 1950 to Rs 1885, but they still recommend buying stocks of the same. \
PRABHUDAS LILLADHER ON HDFC BANK SHARE PRICE TARGET
PRABHUDAS LILLADHER has given a buy rating to HDFC Bank with a price target of Rs 1925.
FAQS
What is the current share price of HDFC Bank?
As of April 2023, HDFC Bank’s share price is around 1667 INR.
What is the target price for HDFC Bank shares in 2023?
The target price for HDFC Bank shares in 2023 is projected to be around 3000 INR.
What factors affect HDFC Bank’s share price?
Factors such as the bank’s financial performance, market conditions, economic policies, and global events can affect HDFC Bank’s share price.
What is the outlook for HDFC Bank’s future growth?
HDFC Bank has consistently shown strong growth over the past five years, and its outlook for future growth is optimistic due to its strong fundamentals, market position, and optimistic projections for the Indian economy.
Is HDFC Bank a good investment option for long-term investors?
HDFC Bank has a strong track record of growth, strong financial performance, and a solid reputation in the market, making it a good investment option for long-term investors.
Are there any risks associated with investing in HDFC Bank shares?
As with any investment, there are risks associated with investing in HDFC Bank shares, such as market volatility, changes in economic policies, and unexpected events that can affect the bank’s performance.
What is the dividend yield of HDFC Bank?
As of September 2021, HDFC Bank’s dividend yield is around 1.14%
What is the P/E ratio of HDFC Bank?
As of September 2021, HDFC Bank’s P/E ratio is around 20.22 .
How can investors stay up to date on HDFC Bank’s share price and financial performance?
Investors can stay up to date on HDFC Bank’s share price and financial performance by following the bank’s quarterly reports, news releases, and market updates, as well as consulting with financial advisors and analysts.
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Conclusion
According to financial data from the previous five years, HDFC Bank has consistently increased its income, PAT, revenue, and profit. Sales, net profit, and earnings per share of the corporation have all increased significantly. Notwithstanding variations in operational profit margin and dividend payout, HDFC Bank has shown a steady track record of financial performance. Financial information suggests that HDFC Bank shares are a suitable investment choice for those seeking long-term growth potential. In addition, the anticipated share price projections for 2023 to 2030 imply that HDFC Bank shares may reach INR 5000 by that year. Overall, it appears that investing in HDFC Bank is a good alternative for those who are eager to do so.
Neelam is a talented writer and financial analyst, currently studying at Hansraj College. She is a regular contributor to Trickyfinance, where she covers a range of topics including price prediction, stock market news, and market analysis. Neelam’s passion for finance and economics led her to pursue a writing career in the financial industry, where she has gained valuable experience and insights into the workings of the market. In her free time, Neelam enjoys reading and conducting her own market analysis to stay up-to-date with the latest trends and developments in the industry.
