Today, March 3rd 2025, the Housing Development Finance Corporation Bank’s (HDFC) share price has declined. The shifts can be attributed to several factors. With NIFTY down by 0.25% and SENSEX shedding 220 points to 72,97, benchmark indices have been trading in the red.
Despite these reports, analysts on Angle One recommend buying HDFC stocks. The analysts base their opinions on HDFC’s recovery from the 200-DSMA- now placed above the short-term EMAs on the daily chart. There’s been a rise in trading volumes. Moreover, the stock is above the SuperTrend indicator, strengthening the bullish quotient. Along with these parameters, HDFC’s MACD indicator has climbed up to the Zero line from lower levels.
These indicators suggest positive growth for HDFC shares in the near future, but since the opening today, HDFC’s shares have reported declining prices. Today, HDFC Bank Share prices opened at Rs. 1,739.80, 0.42% higher than its previous close of Rs. 1,732.40. Should you Investors sell, or hold shares? Let’s see what experts say.
HDFC Share Price in Today’s Market
At 12:00 p.m. today, the share price stands at Rs. 1705.04, which is 2% lower than the opening rate and approximately 0.4% lower than its previous close. According to the estimates on Money Control, the current market capitalization of HDFC is 1,305,093 crores; the UC Limit is 1,905.60, and the LC Limit is 1,559.20.
Company Financials
HDFC, the largest private sector lender in the country, disclosed its third-quarter financials on January 22nd, 2025. The bank reported a profit of ₹16,736 crore, marking a growth of 2.2% from ₹16,372.5 crore in the previous third quarter. Today, the Sector P/E stands at 18.17.
Recent News about HDFC
- HDFC Bank has sold ₹46,300 crores in loans through securitization in the current financial year.
- The bank is planning to grow its loan securitization business significantly in the coming years.
HDFC Share Price Target
As reported by analysts on Trendlyne, HDFC Bank has an average target of 1972.27. The consensus estimates an upside of 15.64% from the last price of 1705.50
Should You Buy, Sell, Or Hold?
The majority of analysts on Trendlyne recommend buying, while 15% of analysts on Money Control also suggest holding. Before deciding as an investor, factor in HDFC’s long-term performance and consult with your certified expert or analyst.
