HDFC Bank stock: Emkay reaffirms Buy rating for HDFC Bank stock

Published on 10/20/2026 at 16:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HDFC Bank has a P/E of 13.72 on October 20, 2026. HDFC Bank stock costs EUR 20.80 during afternoon trading on October 20, 2026.

Analyst rating and valuation

Emkay Global Financial Services maintained a Buy rating and set an INR 1,225.00 target on October 6, 2026.
HDFC Bank had a price-to-earnings ratio of 13.72 on October 20, 2026.
HDFC Bank stock was trading at EUR 20.80 at Lang & Schwarz on October 20, 2026 at 4:28 p.m. CEST.

HDB, US40415F1012, Illustration mit AI erstellt.

HDFC Bank (ISIN US40415F1012) received a maintained Buy rating and an INR 1,225.00 price target from Emkay Global Financial Services on October 6, 2026, as reported by The Globe and Mail. At 4:28 p.m. CEST on October 20, 2026, the stock was trading at EUR 20.80 at Lang & Schwarz.

Valuation gives investors a reference

HDFC Bank's NYSE-listed American depositary receipt stood at USD 23.35 at 10:30 a.m. ET on October 20, 2026. The same quote showed a market capitalization of USD 119.8 billion, a 52-week range of USD 21.71 to USD 37.45, and a price-to-earnings ratio of 13.72.

What does the latest quarter add?

The quarter ended September 30, 2026 produced standalone net revenue of INR 484.5 billion, compared with INR 459.0 billion a year earlier. Standalone net interest income rose 9.7 percent year over year to INR 346.2 billion, while profit after tax increased 4.7 percent to INR 195.1 billion, according to the bank's Form 6-K summarized by StockTitan.

The filing also reported deposits of INR 3,327.4 billion as of September 30, 2026, up 18.8 percent from a year earlier. Gross non-performing assets were 1.11 percent of gross advances, down from 1.24 percent on September 30, 2025, while the standalone capital adequacy ratio was 18.87 percent.

Dates and capital position

The September quarter and half-year results were approved on October 17, 2026. For investors, the figures put deposit growth, credit quality and the bank's capital cushion alongside the current valuation and Emkay's INR 1,225.00 target.

Stock price and market frame

The EUR 20.80 Lang & Schwarz quote gives the German trading view a clear intraday marker on October 20, 2026. The US-listed receipt was also above its 52-week low of USD 21.71 at the quoted time, while the 52-week high remained USD 37.45.

The further course of trading is shown by the continuously updated real-time quote of HDFC Bank stock.