MOHAMMAD ZIYAUDDIN
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HDFC Bank Share Price Target: HDFC Bank shares are showing strength on Tuesday. The bank's shares are trading at Rs 1649.55 on BSE at around 1 pm, with a gain of Rs 29.90 or 1.85 percent. Whereas on Monday, HDFC Bank shares closed at Rs 1619.65. Earlier, the HDFC Bank share price was falling for the last 6 consecutive sessions. During this period, the bank's shares have fallen by Rs 166 or 7-7.50 percent. But now HDFC Bank shares can recover and provide profit. This expectation has been expressed by a market expert.
How much return can be obtained (HDFC Bank Share Target)
In a conversation with ET Now Swadesh, Senior Vice President of Geojit Financial Services, Gaurang Shah has advised to buy HDFC Bank shares for the long term. In response to a question related to HDFC Bank, he said that it can grow up to 20 percent.
According to Shah, HDFC Bank's second-quarter results were weaker than expected, but it is not disappointing.
Share can cross Rs 1800
Shah has said that HDFC Bank's stock can cross Rs 1800. According to him, a few months ago, HDFC Bank's stock was trading in the range of 1450-1500. Then it remained in a range for a long time. However, after that the conditions became better for it.
The stock has now slowly started performing well. Its advances, deposits, and CASA ratios are lower than market estimates, but these numbers are not disappointing.
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