HDFC Bank shares reach 52 week high
The whole country is immersed in the joy of Diwali and the effect of this happiness is clearly visible on the stock market as well. Sensex is trading with a gain of 401 points, while Nifty is trading beyond 25,850. Meanwhile, the country’s largest private bank HDFC Bank has made Diwali really happy for its investors. This morning the bank’s shares touched its highest level of 52 weeks. The main reason for this tremendous rise is the bank’s excellent quarterly results that came on Saturday, which have surprised even the biggest market experts.
Profit increased, slight pressure on margins
HDFC Bank on Saturday released its financial results for the second quarter (July-September) of financial year 2026. These figures show the strong hold of the bank. The bank’s standalone net profit during the quarter grew by an impressive 10.8% to reach ₹18,641.28 crore. If we compare this with the same quarter last year, then the bank had earned a net profit of ₹ 16,820.97 crore.
To understand in simple language, the main source of earning of the bank, i.e. Net Interest Income (NII), also increased by 4.8% to ₹31,551.5 crore, which was ₹30,114 crore last year. However, there is one small aspect in this wonderful picture that analysts are keeping an eye on. That is the bank’s ‘core net interest margin’ (NIM). It was 3.35% in the last quarter ending June 30, 2025, which decreased marginally to 3.27% in this quarter.
NIM is a scale that measures how much the bank is earning on the loans it gives and how much interest it is paying on deposits. But, experts believe that given the bank’s “better” asset quality and strong core income, this slight decline is not a matter of concern.
Why did HDFC Bank’s shares rise in the stock market?
As soon as the market opened this morning on Diwali, there was a buying spree in HDFC Bank shares. On the basis of these strong results, the bank’s shares jumped by 1.74% on BSE and reached the level of ₹ 1,020.00 per share. This is its highest level in the last 52 weeks i.e. one year.
10 brokerage firms increased their targets
After the results of HDFC Bank, 10 big brokerage firms have increased their ‘target price’ i.e. future estimated price for HDFC Bank shares.
Overall, 38 brokerage firms are tracking the stock, and most of them have given it a ‘Buy’ rating. The average target price of all these has been kept at ₹ 1,150 per share. This also indicates an increase of about 15% from the current price.
- Emkay Global has raised the target price by about 7% to ₹1,225 per share while maintaining its ‘buy’ rating on the stock.
- Analysts at Nuvama Institutional Equities have also increased their target to ₹1,170 from ₹1,135. He believes that the asset quality of the bank is excellent and margins will also improve from the third quarter (October-December).
Disclaimer: This article is for information only and should not be considered as investment advice in any way. TV9 Bharatvarsha advises its readers and viewers to consult their financial advisors before taking any money-related decisions.