Mumbai News, 26 February 2026: Shares of HDFC Bank Limited, the largest private sector bank in India, saw a slight dip this morning. On the NSE at 1:42 pm, the last traded price was ₹900.05, down ₹7.55 or 0.83% from yesterday’s closing price of ₹907.60. As the market is still open (until 3 pm), the price is fluctuating a bit.
NSE live updates (as of 26 February 2026, 13:42 IST):
- Open: ₹912.00
- High: ₹912.00
- Low: ₹898.15
- Volume: 2.18 crore shares
- Value: ₹1970.66 crore
- VWAP: ₹903.31
- 52-week high: ₹1020.50 (23 October 2025)
- 52-week low: ₹835.03 (11 March 2025)
- Market cap: ₹13,84,896 crore
- P/E ratio: 18.32
BSE Updates:
Shares on BSE closed at ₹907.75 on the previous day (25th February). Today’s trading is seeing a similar decline as NSE, with prices hovering between ₹899 and ₹905. The volume on BSE is likely to be around 10-15 lakh shares.
Today’s trading session was affected by the overall decline in the banking sector. There was also slight weakness seen in the Nifty Bank index. HDFC Bank’s share has underperformed Nifty Bank by 7% in the past month, but analysts believe this is just temporary pressure and recovery is expected in the long term.
Background of the company and recent performance:
HDFC Bank is the largest private bank in the country. In the December 2025 quarter (Q3 FY26), the bank reported a net profit of ₹19,806 crore, which is 12.18% higher than the same period last year. Due to slower deposit growth, the LDR (Loan to Deposit Ratio) reached 98.5%, but according to the CEO, it is expected to be around 95% by the end of FY26 and around 90% in FY27. Brokerages are positive as NIM (Net Interest Margin) improves and asset quality remains strong.
What do Dalal Street analysts and top brokers say on HDFC Bank share target price?
On Dalal Street, HDFC Bank has a lot of ‘Buy’ or ‘Strong Buy’ ratings. According to the average of 38 analysts, the 12-month average target price is ₹1,155, which shows about 28% upside from the current price. The highest target is ₹1,500 while the lowest is ₹1,022.
Opinions and targets of some top brokers:
- Motilal Oswal: Buy rating, target ₹1,175 (2.7x on FY27 BV)
- Prabhudas Lilladher: Buy, target ₹1,150
- Axis Securities: Buy, target ₹1,170 (18% upside)
- Elara Capital: Buy, target ₹1,147
- JPMorgan: Hold, target ₹1,090-1,125
- Nomura: Buy, target ₹1,080-1,120
- BNP Paribas: HDFC Bank included in top picks, expects Nifty to reach 29,500
Main points of the analysts:
- Deposit growth is expected to improve; NIM will get better.
- Asset quality is excellent; provisions are low.
- RoA is expected to be 1.9% and RoE 14.5% in FY27.
- The current price is at 1.9x FY28 BV, which is considered an attractive valuation.
- The potential returns for FIIs and the benefit of domestic economic growth.
Some brokers said that after last month’s underperformance, the risk-reward has become favourable. Institutions like Jefferies had already rated HDFC Bank as a top pick.
Technical Analysis:
In the short term, support levels of ₹898-₹895 are important. A breakdown below this could lead to a decline to ₹870. On the upside, resistance is at ₹912-₹920. A breakout above this may lead to a rally towards ₹950-₹980. The RSI and MACD indicators currently appear neutral to slightly bullish.
Advice for investors:
HDFC Bank’s share is a strong option for long-term investment. However, considering market volatility in the short term, one should opt for SIP or stepwise investment. More clarity will emerge after the Q4 FY26 results (April 2026).
Conclusion:
Despite today’s decline, HDFC Bank remains a favourite on Dalal Street. Due to strong fundamentals, expected improvements, and attractive valuations, most brokers recommend a long-term ‘Buy’. Investors should make decisions according to their own risk profiles and seek advice from SEBI-registered advisors.
Disclaimer:
NiftySharePrice.com stock market news is based on publicly available authentic data sources like NSE – BSE and SEBI-authorized brokers & analysts only. Investing in the stock market involves risk. So, do your own research and consult your authorized advisors before investing.
