Hello Dear Readers! Welcome to the blog – Hdfc bank share price target 2030. Many investors and traders are in a fix on whether to invest in Hdfc bank post the recent merger of Hdfc and Hdfc bank into one entity – Hdfc bank. To find out what will be Hdfc Bank’s share price target in 2023, 2024, 2025, 2026, 2027, 2028, 2029, and 2030, read the entire post.
In this blog, we will try to provide clarity on the above and also will predict the Hdfc bank share price target for 2030.
Hdfc Bank – Introduction
Hdfc Bank was founded in the year 1994 by the name Hdfc Bank Limited. It’s one of the largest private-sector banks in India. The bank operates more than 20000 ATMs and has more than 7800 branches. HDFC Bank is present in more than 3800 cities/towns in India. It also has an international presence in four countries and has three offices in Singapore, Dubai, and London. In these countries, Hdfc bank offers loans to people of Indian origin & to the NRIs.
HDFC Bank achieved unprecedented heights under the leadership of Mr.Deepak Parekh( a Padmabhushan awardee). Mr. Deepak Parekh also transformed India’s financial services and showed the way to many banks.
Hdfcbank products: Credit cards, commercial banking, finance and insurance, investment banking, private banking, wealth management. Let’s See the HDFC share Price Target in 2023 through its fundamental and technical analysis.
Table of Contents
Fundamentals Of HDFC BANK Share
| Market cap(in cr) | CMP(in Rs) | Book Value (in Rs) | P/E | ROCE | ROE | Dividend yield |
| 1153180 | 1523 | 519 | 17.4 | 6.24% | 17.10% | 1.25% |
Hdfc bank’s market cap is approximately Rs 1153180 cr. The share of HDFC Bank is currently trading at 2.8 times the book value. The ROCE of Hdfc bank is 6.24% and the bank has delivered an excellent ROE of 17.1%.
The following paragraph will clarify why this giant of a bank is considered to be one of the greatest banks in India.
HDFC BANK SHARE 2023 Comparision with its PEER
| Name of Banks | Market cap (in cr) | Cmp(in Rs) | P/E | ROCE |
| Hdfc bank | 1153180 | 1523 | 17.4 | 6.21% |
| Axis bank | 317159 | 1029 | 13.85 | 6.12% |
| Icici bank | 660134 | 942 | 17.1 | 6.23% |
| Kotak bank | 344296 | 1732 | 21.1 | 6.81% |
| Indusind bank | 109745 | 1413 | 13.8 | 6.90% |
Banknifty Index
HDFC Bank is a component of both the Nifty 50 index and the Banknifty index.
- NSE symbol: Hdfcbank
- BSE symbol: 500180
The following picture shows the weightage of different banks in the Banknifty index
Source nse website
Technical Analysis of Hdfc Bank share price target
Let’s look at the weekly and monthly charts of HDFC SHARE Price in 2023 and the time movement of HDFC bank share price for 2023
Hdfc bank is at crucial support as seen in the above monthly price action chart. The Hdfc bank share price has constantly fallen since June’2023. If the HDFC bank share price closes below 1524 (spot), then it can see further lower levels in the coming months.
The HDFC bank share price weekly chart is also not showing any signs of strength in the price action at the current moment. Q2 result of Hdfc bank will be crucial for the price action in Hdfc bank share price.
Hdfc Bank share price 52week high/low in 2023
Hdfc bank share price touched a high of Rs1758 and a low of Rs 1365 in the last 52 weeks in the past year.
Hdfc Bank share price target in 2023, 2024, 2025, 2026, 2027, 2028, 2029 and 2030
Does Hdfc Bank give dividends?
Hdfc bank has a dividend yield of 1.25%.
Is Hdfc Bank a small cap or mid cap or large cap company?
Hdfc bank is a Large cap company.
Is Hdfc Bank stock overpriced?
Hdfc bank is currently priced at more than 2.8 times the book value.
What will be Hdfc Bank share price target in 2023?
Hdfc bank share price target for the year 2023 is expected to be Rs 1520.
What will be Hdfc Bank share price target in 2024?
Hdfc bank share price is expected to correct to Rs1250 in the year 2024.
What will be Hdfc Bank share price target in 2025?
Hdfc bank share price target in the year 2025 may touch Rs 1340.
What will be Hdfc Bank share price in 2026?
Hdfc bank share price target for the year 2026 is Rs 1470.
What will be Hdfc Bank share price target in 2027?
Hdfc bank share price target for the year 2027 is Rs 1600.
What will be Hdfc Bank share price target in 2028?
Hdfc bank share price in the year 2028 is expected to touch Rs 1750.
What will be Hdfc Bank share price target in 2029?
Hdfc bank share price may reach Rs 1920 by the year 2029.
What will be Hdfc Bank share price target in 2030?
Hdfc bank share price target for the year 2030 is Rs 2100.
What will be Hdfc Bank’s share price target in 2023, 2024, 2025, 2026, 2027, 2028, 2029, and 2030?
HDFC Share Price Target for the year2023, 2024, 2025, 2026, 2027, 2028, 2029, and 2030 is mentioned below in the table.
| Hdfc bank | share price target |
| Year | Target price(in Rs) |
| 2023 | 1520 |
| 2024 | 1250 |
| 2025 | 1340 |
| 2026 | 1470 |
| 2027 | 1600 |
| 2028 | 1750 |
| 2029 | 1920 |
| 2030 | 2100 |
How to buy Hdfc Bank shares?
To buy Hdfc bank shares, you must have a Demat account. You can open a demat account on any of the trading platforms. Some of the well-known trading platforms are as mentioned below:
- Motilal Oswal
- HDFC
- ICICI direct
- Kotak
- Grow
- Upstox
- Angelone
Conclusion
The above blog post shares the technical and fundamental parameters of Hdfc bank for the investor to make an informed decision. Hdfc bank share price target in 2023, 2024, 2025, 2026, 2027, 2028, 2029, and 2030 is discussed above with respect to technical parameters and keeping in mind the fundamentals as well.
Disclaimer: It’s in no way to be treated as a recommendation to buy/sell Hdfc bank shares. Investment in the share market is subject to market risks and one is advised to consult their financial advisor before taking the plunge. We are not SEBI-registered analysts.
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