HDFC Bank shares flat, Bernstein maintains outperform rating with ₹1,150 target
At 10.40 am, HDFC Bank shares were trading at ₹708.90, compared with the previous close of ₹704.80
In a quiet trading session on Tuesday, HDFC Bank's shares remained largely flat, opening at ₹705.60 and closing at ₹708.90 on the NSE. Trading activity was balanced, with 14,76,448 shares bought accounting for 50.12 percent of the traded quantity and 14,69,273 shares sold representing over 49 percent. The bank’s market capitalisation is approximately ₹10.93 lakh crore, and its adjusted P/E ratio is 13.56.
Recently, the bank appointed Anup Bagchi as its Managing Director and Chief Executive Officer for a three-year term, signaling a focus on the bank's next phase of growth and business strategy. Meanwhile, brokerage Bernstein has maintained its 'outperform' rating on HDFC Bank, with a target price of ₹1,150 per share, suggesting significant potential upside from the stock's current levels.
Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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