HDFC Bank stock: Jefferies keeps INR 880 target for HDFC Bank stock

Published on 10/22/2026 at 16:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Gross NPA fell to 1.11 percent in the second quarter of fiscal 2027. HDFC Bank stock costs EUR 20.05 on October 22, 2026 at 4:36 p.m. CEST.

Analyst target and asset quality

Jefferies maintained an INR 880 target and Buy rating on October 19, 2026.
Gross non-performing assets fell to 1.11 percent in the second quarter of fiscal 2027.
HDFC Bank stock costs EUR 20.05 at Lang & Schwarz on October 22, 2026 at 4:36 p.m. CEST.

HDB, US40415F1012, Illustration mit AI erstellt.

HDFC Bank (ISIN US40415F1012) had an INR 880 price target and Buy rating maintained by Jefferies on October 19, 2026, according to Goodreturns. The report listed 20.86 percent potential upside against an INR 728.10 reference price. At Lang & Schwarz, the stock was trading at EUR 20.05 on October 22, 2026 at 4:36 p.m. CEST.

Jefferies keeps INR 880 target

Jefferies cited credit quality and the bank's leadership transition while retaining its Buy rating and INR 880 target, as reported by The Economic Times on October 19, 2026. The brokerage said gross loan slippages were 0.90 percent of loans over the past year, compared with 1.20 percent a year earlier.

Asset quality improves in Q2

HDFC Bank's gross non-performing asset ratio declined to 1.11 percent in the second quarter of fiscal 2027 from 1.17 percent in the June quarter. The net non-performing asset ratio fell to 0.37 percent from 0.41 percent, according to ETBFSI on October 17, 2026.

USD price near yearly low

The primary-market quote was USD 22.52 at 10:47 a.m. ET on October 22, 2026. HDB's 52-week range was USD 21.71 to USD 37.35, while market capitalization stood at USD 115.5 billion and trading volume reached 2,147,866 shares. The price-to-earnings ratio was 13.38 and the dividend yield was 0.02 percent.

Valuation and October 27 date

The Economic Times reported that the new chief executive is scheduled to take charge on October 27, 2026. Jefferies valued HDFC Bank at 11 times estimated fiscal 2028 earnings and expected return on equity of 14 percent in fiscal 2028, while noting that higher credit costs and funding expenses could affect the margin recovery.

The euro quote

HDFC Bank was trading at EUR 20.05 at Lang & Schwarz on October 22, 2026 at 4:36 p.m. CEST. The euro quotation gives investors in Germany a current view of the stock while the latest company figures point to improving asset quality and a still-elevated valuation debate. The further course of trading is shown by the continuously updated real-time quote of HDFC Bank stock.