Price To Earnings Ratio 19.17 | Sector PE 14.25 |
PB Ratio 2.71 | Sector PB 1.67 |
EPS 84.33 | Dividend Yield 1.35 |
Today's Volume 11.881 M | 5 Day Avg. Volume 22.674 M |
PEG Ratio 8.37 | Market Cap. ₹ 12,60,000.00 Cr. |
Time | HDFCBANK | VS | Industry |
---|---|---|---|
1 Day | -1.35% | 0.23% | |
1 Week | -0.77% | -0.33% | |
1 Month | -0.28% | -2.88% | |
6 Months | 9.11% | -7.76% | |
1 Year | 10.07% | -0.07% |
Period (Days) | SMA | Indication |
---|---|---|
10 | 1676.6 | Bearish |
20 | 1700.33 | Bearish |
30 | 1681.31 | Bearish |
50 | 1661.57 | Bearish |
100 | 1634.26 | Bearish |
200 | 1566.73 | Bullish |
Annual | FY 2024 | FY 2023 | FY 2022 | ||||
---|---|---|---|---|---|---|---|
Operating Activities | 19069.34 | 20813.70 | -11959.58 | ||||
Investing Activities | 5313.77 | -3423.89 | -2216.33 | ||||
Financing Activities | -3983.06 | 23940.56 | 48124.03 | ||||
Net Cash Flow | 20400.05 | 41330.37 | 33948.12 |
All Figures in ₹ Cr., unless mentioned otherwise
Name | 1D (%) | 1W (%) | 1M (%) | 6M (%) | 1Y (%) |
---|---|---|---|---|---|
HDFC Bank | -1.35 | -0.77 | -0.28 | 9.11 | 10.07 |
CSB Bank | -1.36 | -4.42 | -7.78 | -26.48 | -18.4 |
Canara Bank | -0.64 | -2.95 | 1.76 | -23.37 | 41.38 |
City Union Bank | -0.28 | -2.59 | -5.37 | -5.54 | 20.53 |
Bank of Baroda | -2.41 | -3.79 | 3.99 | -13.81 | 13.65 |
There was a time when the banking sector was led by public sector units. Until players like HDFC Bank entered the market. HDFC Bank Ltd, India's premier private sector bank, was established in 1994, emerging from the liberalisation of the Indian banking sector initiated by the Reserve Bank of India.
Being the largest private sector bank in India, HDFC Bank ensures financial services are accessible to everyone, whether in bustling cities or remote villages.
The bank's diverse range of products, from basic accounts to complex financial instruments, caters to various needs, ensuring that whether you're saving for education or planning retirement, there's a service tailored for you.
As investors think about the future, they wonder: where will HDFC Bank share price go? Figuring out HDFC Bank share price target in the future means looking at its money health, business plans, and the economy.
Let's dive into HDFC Bank's basic analysis to see how it might grow and what it could mean for investors.
HDFC Bank Limited, also known as HDFC, is an Indian banking and financial services company headquartered in Mumbai. It was incorporated in August 1994 as part of the Reserve Bank of India’s policy for liberalisation of the Indian banking industry.
HDFC Bank started its operations as a Scheduled Commercial Bank in January 1995. As of May 2024, it is India’s largest private sector bank by assets and the world’s tenth-largest bank by market capitalisation.
In April 2022, a significant merger took place between HDFC Limited, India’s largest Housing Finance Company, and HDFC Bank. This merger resulted in a seamless delivery of home loans as part of HDFC Bank’s wide product suite catering to urban, semi-urban, and rural India.
As of April 30, 2024, the Bank’s distribution network was at 8,776 branches and 21,018 ATMs / Cash Recycler Machines across 3,836 cities / towns. The bank operates internationally with branches in four countries and three representative offices located in Dubai, London, and Singapore.
Moreover, HDFC Bank isn't just about banking; it's about building communities. Through its CSR initiatives like 'Parivartan', the bank aims to foster education, livelihood, and rural development, making a tangible impact on society.
The banking sector in India has long been recognised as one of the most stable globally, even during times of global turmoil. Currently, the Indian banking system is in good health, with non-performing loans at their lowest in years and sufficient capital and liquidity buffers.
Growth in the sector has been substantial, strengthened by strong economic development, increased foreign investments, and supportive regulatory measures. Recent developments include the introduction of innovative banking models such as payments and small finance banks.
Initiatives like the Pradhan Mantri Jan Dhan Yojana and Post payment banks, coupled with significant reforms in digital payments, neo-banking, the rise of Indian NBFCs, and fintech, have significantly improved financial inclusion in India and stimulated the credit cycle.
HDFC Bank, in particular, stands out as a strong investment choice within the banking sector. It is expected to positively impact the HDFC Bank share price. Also, the HDFC Bank price forecast for the coming years indicates an uptrend, with a target price of Rs. 1868.34, a max estimate of Rs. 2470.00, and a minimum estimate of Rs. 1620.00.
HDFC Bank operates in a competitive environment with several key players in the banking sector. Some of the main competitors of HDFC Bank in India include:
Here’s a brief history of HDFC Bank:
Here’s a summary of HDFC Bank Limited’s financial information as of June 2024:
Metric |
Value |
---|---|
Rs. 11,64,616 Cr. |
|
Book value |
Rs. 519 (Per share) |
1.27 % |
|
9.50 % |
|
22.1 % |
|
Rs. 1.00 |
As of today, the HDFC Bank share price is Rs. 1668.9. Looking ahead, the HDFC Bank share price forecast suggests that the stock could potentially reach a target of around ₹1854.75, indicating an upside of approximately 11.88% from the current price.
The shareholding pattern of HDFC Bank Ltd. can significantly impact the HDFC Bank share price chart. A diverse range of shareholders and owners, including public shareholders, foreign portfolio investors, and government entities, contribute to the bank’s stability and influence.
As of the latest data, the shareholding pattern of HDFC Bank Ltd. is as follows:
In addition to monitoring HDFC Bank share price, it's important to keep an eye on its other financial metrics:
Metric |
Kotak Mahindra Bank |
ICICI Bank |
Axis Bank |
IndusInd Bank |
---|---|---|---|---|
18.45 |
17.26 |
13.66 |
12.54 |
|
P/B Ratio |
2.59 |
2.90 |
2.31 |
1.78 |
Dividend Yield (Avg.) |
0.12 |
0.20 |
0.09 |
1.14 |