HDFC Bank The third most-valued stock on Dalal Street fell 3.3 per cent to hit a low of Rs 1,575.15 on BSE and saw its m-cap falling to Rs 11,95,013.88 crore from Rs 12,34,104 crore on Monday.
HDFC Bank: Nomura India, which has downgraded the HDFC Bank’s target to Rs 1,800 from Rs 1,970 earlier, said net worth adjustments will have a negative 4 per cent impact on its estimated FY24 book value per share.
HDFC Bank share price targets: Nuvama finds HDFC Bank worth Rs 1,960. Motilal Oswal Securities, which also attended the analyst meet, suggested a target of Rs 1,950. Kotak finds HDFC Bank’s fair value at Rs 1,925.