Yesterday, on 28th March 2025, HDFC Bank Shares experienced a surge in share prices since the opening. Analysts and market experts said that the surge could be attributed to Goldman Sachs’ predictions made on 26th March regarding HDFC Bank’s returns and target price, which could have reinforced investor confidence.
HDFC Bank is first among the names Goldman Sachs listed that could offer an average of 23% upside. Goldman Sachs said that positive catalysts or strong EPS growth momentum could result in strong returns over the next 12 months from the companies they listed.
Yesterday, HDFC shares began in the market at Rs 1,829.00 and recorded a day-high of Rs. 1,836 and a day-low of 1,805.85.
HDFC Share Price Performance On 28th March
At 15:59., when the market closed, HDFC Bank’s share price stood at 1,828.20. It was nearly 0.16% higher than its previous close. According to the reports and estimates on Money Control, the current market capitalization was 1,398,979 cores; the UC Limit was Rs. 2,007.85, and the LC Limit was 1,642.85.
Company Financials
During the third quarter of fiscal year 2024-25, HDFC Bank reported a profit of Rs. 16,736 crore, a growth of 2.2% from Rs. 16,372.5 crore in the previous third quarter. Today, the Sector P/E stands at 19.85. Goldman Sachs set the Bank’s target price at Rs. 2,090
Recent News About HDFC Bank
- HDFC Bank was fined Rs. 75 lakh by the RBI in March 2025 for failing to comply with specific KYC regulations.
- The Bank assigned several customer identification codes rather than a unique identity for every customer. It failed to classify some customers into the proper risk categories.
HDFC Bank Share Price Target
As per experts’ estimations on Trendlyne, HDFC Bank Ltd. has an average target of 1972.27. The consensus estimated an upside of 7.88% from the last price of 1828.20.
Should You Buy, Sell, Or Hold?
Analysts and investors strongly recommended buying the shares. On Money Control 73% of analysts supported buying the shares and 0% suggested selling. But before investing in HDFC Bank, consider its long-term performance and consult your analyst to make the perfect move.
