HDFC Bank share touched a new 52-week high of Rs 1,950.70 in the early trading session on Monday, following the release of strong Q4 FY25 results.
HDFC Bank reported a 7% year-on-year increase in standalone net profit for Q4FY25, reaching Rs 17,616 crore. This growth was driven by stable expansion in net interest income (NII) and reduced provisioning. For the full financial year, net profit rose by 11% YoY to Rs 67,347 crore.
The bank’s total advances increased by 8%, while deposits rose 14% year-on-year. The net interest margin (NIM) showed a marginal improvement of 3 basis points during the quarter.
Here’s how multiple brokerage firms responded to the positive financial report:
- Jefferies maintained a Buy rating with a target price of Rs 2,340.
- Macquarie retained an Outperform rating, assigning a target of Rs 2,300.
- Motilal Oswal reaffirmed its Buy recommendation with a target of Rs 2,200, highlighting healthy business growth and a strategic decline in the credit-to-deposit (C/D) ratio.
- Nuvama Institutional Equities revised its target price from Rs 1,950 to Rs 2,195, reiterating a Buy stance. In its report, Nuvama cautioned that while the Reserve Bank of India’s anticipated rate cuts could exert downward pressure on NIMs, repricing of both deposits and liabilities could help partially offset the impact.
