HDFC Bank Share Price Today: Navigating Volatility for Smart Investments

HDFC Bank, India’s largest private sector bank, has seen its share price face significant volatility and decline recently. With the future outlook uncertain, investors are re-evaluating HDFC Bank’s prospects. This article examines the current HDFC Bank share price, analyst predictions, and key considerations for investors.

HDFC Bank Share Price Today

As of January 22, 2024, the HDFC Bank share price closed at ₹1,470.65 on the NSE. This represents a 12% decline over the past week. Intraday, the stock hit a low of ₹1,476.65. HDFC Bank’s market capitalization stands at ₹11,22,814 crore. The stock’s beta of 0.5 indicates relatively low volatility. However, the RSI of 24.5 signals HDFC Bank is currently oversold.

Hdfc Bank share price chart live: Stock Peers

NameLatest PriceChange% Change52W High52W LowMkt. Cap
HDFC Bank1478.657.950.541757.81460.55825048.67
ICICI Bank1008.39.20.921042.65796.1704077.31
State Bank Of India631.53.80.61660.4499.35563589.24
Kotak Mahindra Bank1806.4540.72.32063.01644.2358861.51
Axis Bank1117.651.650.151151.5814.25343884.36

HDFC Share Price Target

Here is the analyst price target information:

AnalystPrice Target
Morgan Stanley₹2,110
JM Financial₹2,010
CLSA₹2,025
HSBC₹1,950
Jefferies₹2,000
Bernstein₹2,200
KR Choksey₹1,950

The average target of ₹1,915.50 represents a potential 29.53% upside from current levels. However, it’s important to note these targets are speculative and subject to change based on evolving market conditions and analyst outlooks.

HDFC Bank Share Price Prediction

According to AI-based forecasting models:

  • AI Tomorrow’s Prediction: ₹1,448-1,490 range
  • Wallet Investor: ₹1,786 long-term

Analyst average target: ₹1,915.50 (29.53% upside)

Also Read: HDFC Bank Shares Down: Decoding the Dip and Future Outlook

HDFC Share Price NSE

HDFC Bank NSE price on January 20, 2024: ₹1,470.65

January 22, 2024: ₹1,531.70

Target range: ₹1,730-₹2,200

HDFC Bank American Depositary Receipts

HDFC Bank trades on the NYSE as ADRs under the ticker HDB.

HDB price on January 16, 2024: $61.77

ADRs allow easier U.S. investment in foreign companies.

Comparing HDFC Shares and ADRs

HDFC shares and ADRs represent the same underlying company and fundamentals. Key differences:

  • HDFC shares trade on NSE/BSE
  • HDB trades on the NYSE
  • HDB priced in USD, subject to forex fluctuations

HDFC Bank Price Target Post-Merger

HDFC-HDFC Bank merger may impact the share price. Updated analyst targets:

  • Bernstein: ₹2,200
  • Morgan Stanley: ₹2,110
  • Jefferies: ₹2,030
  • HSBC: ₹1,950
  • InCred Equities: ₹2,000

Average target: ₹1,915.50 (29.53% upside)

Buying HDFC Shares Now

Key considerations for investors:

  • Recent underperformance presents possible value
  • Analyst opinions mixed
  • The long-term outlook may be positive
  • Market volatility is a key risk
  • Research company fundamentals and goals first

Consult a financial advisor before deciding to invest in HDFC Bank. Thoroughly evaluate financials, growth, and market dynamics.

Conclusion

HDFC Bank faces uncertainty and volatility after recent share declines. While analysts remain divided on the near-term outlook, long-term growth prospects may still be intact. Investors should carefully assess their risk appetite and goals before making any investment decision.

Leave a Comment