HDFC Bank stock: Emkay sets INR 1,225 target for HDFC Bank stock

Published on 10/16/2026 at 17:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Emkay's INR 1,225 target dated October 5 remains the key valuation marker. HDFC Bank stock costs EUR 21.30 on October 16, 2026 at 5:11 p.m. CEST.

Targets and results ahead

Emkay Research set an INR 1,225 target on October 5, 2026.
Kotak Institutional Equities projected INR 19,510 crore in profit after tax for the September quarter.
HDFC Bank stock costs EUR 21.30 at Lang & Schwarz on October 16, 2026 at 5:11 p.m. CEST.
The bank's market capitalization was USD 122.8 billion on October 16, 2026.

HDB, US40415F1012, Illustration mit AI erstellt.

Emkay Research set an INR 1,225 target for HDFC Bank on October 5, 2026, giving the Indian lender's New York-listed stock a concrete valuation marker. The target is cited by ETBFSI in a review dated October 5, 2026. HDFC Bank stock was trading at EUR 21.30 at Lang & Schwarz on October 16, 2026 at 5:11 p.m. CEST.

Target distance sets the bar

Emkay's INR 1,225 target was the highest among the four brokerage targets listed by ETBFSI. PL Capital cited INR 950, Motilal Oswal INR 925 and Jefferies INR 880 in the same October 5, 2026 review.

The spread matters because the targets were framed around earnings recovery rather than a short-term trading signal. ETBFSI reported that the brokerages were monitoring deposit growth, net interest margin recovery, the loan-to-deposit ratio and management stability after Anup Bagchi's appointment.

What October 17 could reveal

HDFC Bank is due to discuss results for the quarter and half-year ended September 30, 2026 on October 17, 2026. Business Standard reported on October 16, 2026 that Kotak Institutional Equities expected profit after tax of INR 19,510 crore, up 4.70 percent year over year, while net interest income was projected at INR 33,987.8 crore.

The same preview put the emphasis on margin stability and deposit growth. A separate filing summary said the bank's earnings call is scheduled for 4:00 p.m. India time on October 17, 2026, covering the unaudited September-quarter and half-year results, according to Futubull.

Price remains below the ADR high

HDFC Bank's USD 21.71 to USD 37.45 52-week range and USD 122.8 billion market capitalization were listed for October 16, 2026. The ADR price of USD 23.95 was near the lower end of that range at the same date, while the euro quotation remained an intraday Lang & Schwarz price.

The bank's valuation debate therefore has two near-term reference points: the INR 1,225 Emkay target and the September-quarter figures due on October 17, 2026. The earnings release will provide the next test for the growth and margin assumptions behind the brokerage targets.

HDFC Bank stock was trading at EUR 21.30 at Lang & Schwarz on October 16, 2026 at 5:11 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of HDFC Bank stock.