Why Are Brokerages Still Bullish On HDFC Bank Stock | HDFC Share Analysis
HDFC Bank shares are in focus after the bank submitted two names as part of its CEO succession process. But beyond the leadership change, what does the stock’s recent performance and brokerage outlook tell investors? HDFC Bank has been among the weaker performers in the Nifty 50 over the past year, with around ₹4.21 lakh crore wiped off its market capitalisation. We look at the stock’s weight in the Nifty 50 and Bank Nifty, mutual fund holding, and what top brokerages are recommending. With 17 out of 18 brokerages carrying a Buy or Outperform rating and the consensus 12-month target at ₹997, here’s a closer look at what brokerages are expecting from HDFC Bank.
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