The following are the NSE stock HDFCBANK Hdfc Bank projection and share price targets. These share price goals and forecasts are relevant throughout time frames, from the short to the medium to the long term. HDFC Bank Share Price Prediction or HDFC Bank Share Price Target for Tomorrow & Intraday can be found on the following pages. Also, check out the HDFC Bank Forecast produced by the Top Intraday Indicators for short-term and long-term investment opportunities.
HDFC Bank Share Price Today
Intra-day share price prediction and goals for Hdfc Bank HDFCBANK are 1488.15 (downward), 1480.87 (upward), 1455.73 (below), and 1527.85 (upward), respectively, and 1535.13 (low). On a 5-15 minute chart, these intraday share price levels are derived using pivot point calculations and are only relevant for the next day’s trading session.
| Upside target | 1535.13 |
| Upside target | 1520.57 |
| Downside target | 1495.43 |
| Downside target | 1492.45 |
| Downside target | 1481.4 |
| Downside target | 1480.87 |
| Downside target | 1473.65 |
| Downside target | 1462.6 |
| Downside target | 1455.73 |
| Downside target | 1454.85 |
The short-term share price projection and targets for Hdfc Bank indicate an uptrend, with the closest potential share price objective of 1537. The company’s stock is presently selling at 1506.00 dollars a share. However, if the trend continues in the other direction, a hypothetical future share price objective of 1463 might be reached. These share price goals also serve as support and resistance levels for the underlying stock.
About HDFC Bank
HDFC Bank Limited is a banking and financial services firm based in Mumbai, India, that provides banking and financial services. As of April 2022, it is India’s biggest private sector bank in terms of assets and the tenth-largest Bank in the world in terms of market capitalization. It ranks third on the Indian stock markets in terms of market capitalization, with $122.50 billion. The company is also the fifteenth biggest employer in India, employing approximately 120,000 people.
HDFC Bank History
HDFC Bank was established in 1994 as a subsidiary of the Housing Development Finance Corporation, with its registered office in Mumbai, Maharashtra, India. Manmohan Singh, the then Union Finance Minister, dedicated the company’s first corporate office and full-service branch at Sandoz House, Worli, Mumbai, to the public. HDFC Bank is a member of the Indian Banking Association.
As of June 30, 2019, the Bank’s distribution network consisted of 5,500 branches in 2,764 cities, according to the most recent available data. In 2017, it had deployed 430,000 point-of-sale terminals and issued 23,570,000 debit cards and 12 million credit cards. As of March 21, 2020, the company has a permanent employment base of 1,16,971.
HDFC Bank Acquisitions
In February 2000, HDFC Bank and Times Bank merged to form HDFC Times Bank. There has never been a merger of two private banks in the New Generation private sector banks before this one. It was founded by Bennett, Coleman, and Co. Ltd., also known as The Times Group, India’s most prominent media conglomerate and one of its largest financial institutions.
| Strong resistance | 1668 |
| Strong resistance | 1583 |
| Strong resistance | 1527.85 |
| Strong resistance | 1507 |
| Strong support | 1488.15 |
| Strong support | 1435 |
| Strong support | 1365 |
| Strong support | 1218 |
| Strong support | 1090 |
| Strong support | 1037 |
HDFC Bank bought the Centurion Bank of Punjab (CBoP) in 2008 for an undisclosed sum. In one of the most significant mergers in Indian financial history, HDFC Bank approved the acquisition of CBoP for $95.1 billion.
The Tata Group sponsors FERBINE. To manage a Pan-India umbrella body for retail payment systems, similar to that operated by the National Payments Corporation of India, the Bank invested in FERBINE in 2022, acquiring a 9.99 percent interest. Paytm and the Bank entered into a partnership in September 2022 to develop a credit card line powered by the worldwide card network Visa.
HDFC Bank Investments
A total of Rs. One thousand crores were invested in Yes Bank by the Housing Development Finance Corporation, the parent firm of HDFC Bank. According to the plan for the rehabilitation of Yes Bank, the business would commit to locking in 75 percent of its entire investment for three years.
YES, Bank allocated 100 crore shares with a face value of 2 rupees each to the Corporation on March 14 to pay 10 rupees per share (including an 8 rupee premium). This allocation accounted for 7.97 percent of the Bank’s post-issue equity share capital.
| Official Website | Click Here |
| DMER Homepage | Click Here |