Analysts upbeat on the outlook for Hdfc Bank

Analysts upbeat on the outlook for Hdfc Bank

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The Hdfc Bank (NSI:HDFCBANK) share price has risen by 21.1% over the past month and it’s currently trading at 1404.5. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.

According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Hdfc Bank currently has:

  • 22 Buy recommendations
  • 2 Hold recommendations
  • 0 Sell recommendations

This suggests that analysts are generally positive about the outlook.

Beyond analyst recommendations

At its current price of 1404.5, shares in Hdfc Bank are trading at a discount of -2.12% to its 52 week high price. The 1-year performance of the shares has been 13.2%.


While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of HDFC Bank it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with HDFC Bank that you can find out about here.


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HDFC Bank's StockRank™

NeutralConservative

HDFC Bank's StockRank™

With a StockRank of 28, HDFC Bank is in the bottom 28% of the 14,659 stocks we cover in Asia, according to our proprietary ranking system.

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