HDFC Bank Share Price Target: After Q1 results, HDFC Bank shares have fallen by 5%, but leading brokerage houses have given huge targets. Know what investors should do?
HDFC Bank Share Price Today: As soon as the stock market opened today, there was a huge stir in the banking sector on Monday. There has been a huge fall in the shares of HDFC, the country’s largest private bank, after the release of its first quarter (Q1) results for the current financial year 2026-27. HDFC Bank shares fell nearly 5% to a low of ₹780.85 in early trade on July 20. While common retail investors are a little worried due to this fall, big brokerage houses around the world are seeing a big opportunity to get rich on this stock. One brokerage firm has given it a big target of up to ₹ 1,400. Let us know why the stock fell and why experts are expressing so much confidence in it…
Why did HDFC Bank shares fall?
HDFC Bank’s June quarter results were in line with market expectations, but the bank lost on one front. The bank’s net interest margin (NIM) fell by 12 basis points to 3.2% in the quarter. In simple words, the earning margin of the bank has weakened slightly, due to which the pressure has increased in the short term. Although the bank’s deposits have grown well at 14.7%, margins have been impacted due to the increase in corporate loans in place of high-interest loans. This year, in October 2026, the tenure of the current MD and CEO of the bank is ending. There is some pressure on the stock due to the suspense in the market regarding his re-election.
What happened to HDFC’s NIM?
According to market experts, the bank’s NIM came down to 3.2%. The main reasons for this were the increase in the share of corporate loans, high cost of raising funds and decline in asset yield. However, the bank management says that in the coming quarters, margins may gradually improve due to replacement of expensive funds with cheaper funds and increase in CASA.
HDFC Share Price Target: How far will the share price go?
BNP Paribas’s biggest claim, bumper target of ₹ 1400
Global brokerage firm BNP Paribas is expressing the most confidence in this stock. While maintaining his ‘BUY’ rating on HDFC Bank, he has given the highest target of ₹ 1,400, which indicates profits of almost double the current price.
CLSA and Macquarie also bullish, jump up to ₹1200 possible
Leading brokerage CLSA has set a target of ₹ 1,200 for this share. On the other hand, Macquarie and Bernstein have given a strict target of ₹ 1,150 considering the strong business model of HDFC Bank. UBS is also not far behind, advising to include the stock in the portfolio with a target of ₹1,130.
Jefferies and Morgan Stanley remain confident, target of ₹1050
Global brokerage firm Jefferies has given a target of ₹ 1,050 for the stock amid this decline. At the same time, Morgan Stanley has continued its ‘BUY’ rating with a target of ₹ 1,025 and Motilal Oswal (MOFSL) with a target of ₹ 1,050.
What is JPMorgan and Nomura’s opinion?
Global firm JPMorgan has given a target of ₹ 990, keeping this stock in ‘Overweight’ category. Along with this, agencies like Nomura and Systematix have kept it within the target range of ₹ 950.
Why did banking sector shares fall today?
On Monday, not only HDFC Bank, but also Axis Bank shares fell by more than 5%. Apart from this, shares of Kotak Mahindra Bank and Yes Bank also saw a decline of more than 3%, due to which the Nifty Private Bank index came down by about 2.72%. Amidst this entire panic, the share of only ICICI Bank remained strong and was seen trading up by about 2.47%.
Disclaimer: The share price targets and views of brokerage firms given in this article are based only on their personal research and market trends. This is in no way an investment advice or a suggestion to buy or sell shares. Investing in the stock market is subject to market risks. Before making any investment, definitely consult your financial advisor (Certified Financial Advisor).