Largest private sector lenders HDFC Bank A big and very positive news has come out on the front. After the clouds of uncertainty related to the bank have cleared, major brokerage firms in the country and abroad have issued their new and very strong estimates regarding this stock. On Monday, the highest ever target price on this stock has been revealed by the brokerage world.
Famous Brokerage Firms Emkay Global Financial Services For this, it has maintained its ‘Buy’ rating on the shares of HDFC Bank. Highest target price of ₹1,225 Have decided. During the recent trading session, this share closed at the level of around ₹ 705. If seen from this perspective, then the current market price of this stock is almost Huge rise of 74% There is a strong possibility of coming.
The brokerage house believes that the appointment of a new MD and CEO in the bank will help in quickly restoring the confidence of investors, shareholders and customers. Reserve Bank of India (RBI) Anupam Bagchi has been approved to take charge as the new Managing Director (MD) and Chief Executive Officer (CEO) of HDFC Bank.
Anupam Bagchi has a long and illustrious experience in the banking sector. Prior to this, he has held various important responsibilities in ICICI Bank Group and has also served as MD and CEO of ICICI Prudential Life. His new tenure will start from 27 October 2026 for three years. The brokerage believes that under his leadership the bank will be able to achieve its business objectives more strongly.
Not only MK Global, but leading brokerage firms like Morgan Stanley and Kotak Institutional Equities have also strongly advised to buy this stock. Morgan Stanley has given a target of ₹ 1,025 for this stock and Kotak has given a target of ₹ 1,050. According to Bloomberg data, currently there are a total of 47 Buy ratings and only 2 Hold ratings on this stock, and the special thing is that no brokerage has advised to sell it. Renowned institutions like Nomura, Motilal Oswal, ICICI Securities and Jefferies also maintain a positive stance on the stock.
According to the report of MK Global, there will be some major challenges and priorities before the new MD Anupam Bagchi, on which he will have to work mainly:
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Stability in Top Management: To ensure stability at the senior management level of the Bank.
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Accelerating deposit growth: To give the old pace to the bank’s deposit growth again.
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Productivity and Technology: To increase the productivity of new branches and further strengthen their digital and technological capabilities.
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Improving Processes: Making internal processes transparent by completely moving beyond past problems and issues like mis-selling.