Shares of sleeping giant HDFC Bank rose to Rs. 3 lakh crore has woken up with a boom

After several jokes on social media over the past few years amid a reverse merger with parent HDFC, shares of private lender HDFC Bank finally hit Rs. 3 lakhs is truly living up to his reputation as one of Dalal Street’s biggest wealth creators. Rally of crores in just 6 months.

HDFC Bank, which lost its status as one of India’s favorite stocks to ICICI Bank, is now consistently beating its rival in the last 6-month, 3-month and one-month time frames, and analysts say the post-merger balance sheet will strengthen and steady growth. Looks ready for.

Up nearly 19% in the last 6 months, HDFC Bank is now the best performing large private sector bank due to its relatively good margins, asset quality results amid rising asset quality noise in unsecured loans.

On Monday Rs. The stock touched a fresh 52-week high of 1,880 for the first time recently at Rs. Crossed the milestone of 14 lakh crore market capitalization. And now the brokerage is Rs. 2,550 as high as the target is being given.

None of the 40 brokerages with coverage on the stock have a sell rating and most of the 28 analysts call it a strong buy, Trendline data shows.

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For BNP Paribas, which raised Rs. Given the highest bullish target of 2,550, HDFC Bank is the top pick in the banking sector ahead of ICICI Bank. In the September quarter, it saw the heaviest buying by FIIs which increased the share by 85 bps to over 48%. Total purchases by Prime Database during the quarter were approximately Rs. 11,000 crore is estimated.

For LIC too, HDFC Bank topped the shopping list. However, retail investors seemed to have missed the bus as it topped their sell list in Q2.

Market data shows that FIIs have been buying HDFC Bank recently. In the second half of November, financial services topped the buy list of FIIs who poured over Rs. 9,597 crore was spent.

Recent interest was fueled by exceptional trading volume associated with MSCI’s November rebalancing, which increased the bank’s index weighting and attracted an estimated $1.88 billion in passive inflows.

The bank has guided that its credit growth for full-year FY25 should be lower than the system, largely mimicking the system growth in FY26 and outperforming the system in FY27. It also told investors that the unsecured loan portfolio is exhibiting resilient results as it has slowed growth over the past few quarters, resulting in better than peer asset quality in Q2.

“Once they stabilize their credit-deposit ratio, they can start focusing on growth. Asset quality remains as strong as ever and HDFC Bank today is benefiting from the fact that many other banks and other smaller financial institutions are actually NPAs. is facing problems. And usually, when that happens, there is a flight to quality or banks or big financiers where people are less concerned about it, so HDFC Bank is the main beneficiary,” explains is market expert Sandeep Sabharwal.

Another event for HDFC Bank investors to watch out for is the unlocking of value with the IPO of its subsidiary HDB Financial Services.

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