HDFC Bank Share Price Target 2026, 2030, 2040: Forecast & Market Trends

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Traders with bullish about their HDFC Bank share price targets may to be content with price staying below the 23 October 2025 high for the rest of the year. This is due to a failure of the latest attempt to breach this resistance barrier.

HDFC Bank is listed on the Nifty 50 index and at 13%, carries the index’s largest weighting. The bank is currently the 10th largest bank in the world by market capitalization, and is also listed on the New York Stock Exchange where the HDFC Bank ADR share price is trading at just below $36 per share as of writing. Its parent stock is traded on the NSE India and closed for trading on December 1, 2025 at INR 1080.70.

The recent decline can be attributed to negative sentiment that has arisen from two reasons.

The first is the technical share adjustment of 1:1 due to the bonus share issuance. This did not result in a value loss despite the drop in the HDFC Bank share price. The second event is the INR 91 Lakh penalty issued by the Reserve Bank of India for KYC lapses and other regulatory infractions.

HDFC Bank Share Price Target 2026

Any HDFC Bank share price target set for 2026 and beyond must take into account the impact of the merger between HDFC Ltd and HDFC Bank in 2023. Most of the HDFC share price targets that are available are 12-month institutional projections which will reflect in 2026.

SBI Securities indicates that HDFC Bank is emerging from a phase of strategic recalibration, with a target price of INR 1,110. This translates to an 11% upside potential. The research firm indicates that deposit and loan growth will accelerate to 16% and 10% in FY2026, respectively.

Macquarie has assigned an “Outperform” rating to HDFC Bank, noting that there is improvement in margin potential and upbeat growth guidance. Macquarie’s HDFC Bank share price target 2026 is INR 1200.

More optimistic HDFC Bank share price targets come from JM Financial and ICICI Securities, with projections of INR 2130 from JM Financial and INR 2200 from ICICI Securities.

HDFC Bank Share Price Target 2030

WalletInvestor is an algorithmic forecast website that has an HDFC Bank share price target of INR 1286 by November 2030. It uses quant modelling techniques as its method of price forecasting. TradersUnion is not as optimistic, and has in fact projected that the share price of HDFC Bank today is an overstatement. It projects an INR 876.9 target for the HDCF share price by mid-2030.

Other Indian-based stock market blogs have heavily optimistic price targets. Of them all, Welthstreet.com has a 2030 price target range of INR 4890 – INR 5950, while PaperTradingApp6 has a 2030 price range of INR 4500 – INR 5000 on its books.

HDFC Bank Share Price Target 2040

The HDFC Bank share price target for 2040 is a long-term outlook. There are currently no institutional price projections for this stock.

The focus for any HDFC Bank share price target for 2040 should be on how well the bank maintains an upward trajectory in profitability, market share, and asset quality relative to its competitors. The impact on the bank’s margins from regulation and AI disruption, as well as increasing competition from fintechs, will be closely watched.

HDFC Bank Share Price Latest News

The latest news regarding the current HDFC Bank share price has to do with the bonus share readjustment and the penalty imposed by the Reserve Bank of India. The latter appears to be the major price mover, as investors awoke to the fine on a new trading day and month.

Specific details regarding the RBI’s penalty is that HDFC Bank outsourced customer KYC checks to external agents, and also allowed one of its subsidiaries to perform non-permitted business. The RBI had also accused HDFC Bank of using multiple benchmarks within a single loan category.

Why HDFC Bank Share Price is Falling

The HDFC Bank share price NSE fell 0.55% on December 1, 2025. A look at the HDFC Bank share price history indicates that the recent decline came off the retest of the resistance formed by the all-time high at INR 1018.70. The fundamentals behind the selloff have been mentioned.

From a technical analysis standpoint, the recent decline in the current share price of HDFC Bank is more of a retracement from the 2025 highs, which were recently retested but held firm. With the bulls unable to push past this year-to-date high, profit-taking ensued, sending the stock’s price lower.

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