HDFC Bank stock: Brokerages stay bullish despite target price cuts after Q2 results; Bernstein sees 58% upside
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓HDFC Bank stock remains a favoured pick among major brokerages despite concerns over Q2 FY27 results.
- ✓JPMorgan and Citi cut target prices while keeping bullish ratings.
- ✓Bernstein sees a 58 percent upside, noting that "NII growth remained healthy despite margin pressure." The bank reported a 4.7 percent net profit increase.
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- MARKET
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- Moneycontrol
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- 3 Minute(s)
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- India Economy
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HDFC Bank stock remains a favoured pick among several major brokerages despite concerns over weak earnings growth and pressure on net interest margins following its Q2 FY27 results. JPMorgan and Citi have cut their target prices while retaining bullish ratings, whereas Bernstein sees a potential upside of nearly 58 percent from Friday's closing price.
The contrasting assessments follow HDFC Bank's July-September quarter earnings, which broadly met market expectations. The private sector lender reported a 4.7 percent year-on-year increase in standalone net profit to Rs 19,510 crore, while net interest income (NII) grew 9.7 percent to Rs 34,619 crore.
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