HDFC Bank’s share price as of April 21, 2025, is trading around ₹1,917.20, reflecting a slight dip of 0.20% from the previous close. The stock has shown strong momentum recently, hitting a 52-week high of approximately ₹1,919.35 on April 18, 2025, before settling at ₹1,906.55, marking a near 8% rise over four trading sessions. This upward trend is supported by positive market sentiment ahead of the bank’s Q4 FY25 earnings announcement and expectations of continued growth.
Financial Performance and Market Outlook
HDFC Bank reported robust financial results for Q4 FY25, with consolidated net revenue of ₹732.8 billion, up 12.3% quarter-on-quarter, though down 9.2% year-on-year. The bank’s consolidated profit after tax (PAT) rose 6.9% year-on-year to ₹188.4 billion, surpassing some analyst expectations. The net interest margin (NIM) improved to 3.46%, and the cost-to-income ratio stood at a healthy 39.8%, indicating operational efficiency. Gross non-performing assets (NPA) remained contained at 1.33%, ex-agriculture at 1.13%, reflecting strong asset quality.
For the full fiscal year FY25, HDFC Bank posted a 10% increase in adjusted PAT to ₹707.9 billion, with earnings per share (EPS) of ₹92.8 and book value per share of ₹681.9. Deposits grew 15.8% year-on-year to ₹25.28 trillion, and advances increased 7.3% to ₹26.96 trillion, underscoring steady balance sheet expansion.
Analyst Ratings and Price Targets
Market experts remain bullish on HDFC Bank’s stock. UBS recently raised its price target from ₹2,160 to ₹2,250, maintaining a ‘Buy’ rating based on strong revenue growth, improved net interest income, and lower credit costs. Other brokerages such as Jefferies and Macquarie have also reiterated buy ratings, with target prices ranging between ₹2,200 and ₹2,340, citing the bank’s consistent loan growth and improving asset quality. Technical indicators show the stock trading above key moving averages with a relative strength index (RSI) near 70, suggesting strong momentum but also a potential overbought condition in the short term.
Recent Market Developments
HDFC Bank recently reduced its savings account interest rate by 25 basis points and cut fixed deposit rates for longer tenures, aligning with the Reserve Bank of India’s repo rate cuts. These moves are expected to lower the bank’s cost of funds, potentially boosting margins in the coming quarters. Despite these rate cuts, lending rates have not yet been reduced, which may help maintain collection efficiency.
Conclusion
HDFC Bank’s share price reflects investor confidence bolstered by solid quarterly earnings, strong fundamentals, and positive industry outlook. While short-term volatility is possible given market dynamics, the consensus among analysts points to further upside potential, with price targets well above the current trading levels. Investors should monitor upcoming macroeconomic factors and the bank’s execution on growth and asset quality to gauge future performance.
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