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HDFC Bank Q4 Results Drive Brokerage Upgrades and Share Price Gains

India’s largest private lender reports strong performance in core metrics, prompting analysts to raise price targets to as high as Rs 2,340.

HDFC Bank shares set for rally? Q4 results strong; here are revised price targets
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YES Bank, HDFC Bank, ICICI Bank shares rally up to 7% post Q4 results; here's why

Overview

  • HDFC Bank's Q4FY25 results showed 6.7% YoY profit growth, a 10.3% rise in net interest income, and a marginal core margin improvement to 3.54%.
  • Asset quality remained robust with controlled slippages, a stable provision coverage ratio of 67.9%, and healthy provisions of Rs 25,900 crore.
  • Brokerages including Jefferies, CLSA, and Macquarie reaffirmed Buy/Outperform ratings and raised 12-month price targets to Rs 2,195–2,340.
  • HDFC Bank shares rose 1.94% on Monday to Rs 1,943.50, with ADRs gaining 4% in NYSE trading last week, reflecting investor confidence.
  • Analysts highlighted the bank's deposit market share gains, improved loan-to-deposit ratio, and potential margin support from lower funding costs.