HDFC Bank (HDB) stock forecast for 2024. Forecast tables and graphs.







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HDFC Bank (HDB) stock forecast for 2024

Updated: March 26, 2024 (07:23)

Sector: Financial

The share price of HDFC Bank Limited (HDB) now

What analysts predict: $
52-week High/Low: $ / $

50/200 Day Moving Average: $ / $

This figure corresponds to the Average Price over the previous 50/200 days. For HDFC Bank stocks, the 50-day moving average is the support level today.

For HDFC Bank stocks, the 200-day moving average is the support level today.

Are you interested in HDFC Bank Limited stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the HDFC Bank stock price in 2024. How much will one HDFC Bank share be worth in 2024? Is it worth taking profit / loss on HDB stock now or waiting? What are analysts' forecasts for HDFC Bank stock?

We forecast HDFC Bank stock performance using neural networks based on historical data on HDB stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. This corporation stock prediction results are shown below and presented as a graph, table and text information.

HDFC Bank Limited stock forecasts are adjusted once a day based on the closing price of the previous trading day.

The minimum target price for HDFC Bank analysts is $. Today 200 Day Moving Average is the support level ( $). 50 Day Moving Average is the support level ( $).




Historical and forecast chart of HDFC Bank Limited stock

The chart below shows the historical price of HDFC Bank stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the HDB stock price can be found in the table below.


HDFC Bank Limited provides various banking and financial services to individuals and legal entities in India, Bahrain, Hong Kong and Dubai. It operates in the Treasury, Retail Banking, Wholesale Banking, Other Banking and Retained Banking segments. The company accepts savings, salary, current and Demat accounts; term and recurring deposits; and safe deposit boxes, as well as rural and retirement accounts, as well as offshore accounts and deposits, fixed deposit and salary overdrafts, and fundraising services.

HDFC Bank (HDB) Forecast for 2024

Month Target Pes. Opt. Vol., %
Apr 55.06 52.60 55.88 5.86 %
May 56.02 54.04 56.75 4.77 %
Jun 54.63 53.85 55.37 2.75 %
Jul 55.27 53.45 57.22 6.59 %
Aug 51.84 49.30 53.39 7.65 %
Sep 54.00 52.02 55.97 7.06 %
Oct 52.83 51.91 55.28 6.10 %
Nov 51.75 50.08 52.39 4.41 %
Dec 51.46 49.77 53.69 7.31 %

HDFC Bank information and performance

HDFC Bank Address

N/A

Market Capitalization: N/A $

Market capitalization of the HDFC Bank Limited is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of HDB shares in the company outstanding by the market price of one share.

EBITDA: N/A $

EBITDA of HDFC Bank is earnings before interest, income tax and depreciation of assets.

PE Ratio: N/A

P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit

PEG Ratio: N/A

Price/earnings to growth

DPS: N/A

Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.

DY: N/A

Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.

EPS: N/A

EPS shows how much of the net profit is accounted for by the common share.

Quarterly Earnings Growth YOY: N/A
Quarterly Revenue Growth YOY: N/A
Trailing PE: N/A

Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.

Forward PE: N/A

Forward P/E uses projections of future earnings instead of final numbers.

EV To Revenue: N/A

Enterprise Value (EV) /Revenue

EV To EBITDA: N/A

The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Shares Outstanding: N/A

Number of issued ordinary shares

Shares Float: N/A

Number of freely tradable shares

Shares Short Prior Month: N/A

Shares Short Prior Month - the number of shares in short positions in the last month.

Short Ratio: N/A
Percent Insiders: N/A
Percent Institutions: N/A

HDFC Bank price target for 2024 by month


Target values for the price of one HDFC Bank share for Apr 2024.

The weighted average target price per HDFC Bank share in Apr 2024 is: 55.06.
In Apr, the Positive dynamics for HDFC Bank Limited shares will prevail with possible monthly volatility of 5.865% volatility is expected.
Pessimistic target level: 52.60
Optimistic target level: 55.88

Target values for the price of one HDFC Bank share for May 2024.

The weighted average target price per HDFC Bank share in May 2024 is: 56.02.
In May, the Positive dynamics for HDFC Bank Limited shares will prevail with possible monthly volatility of 4.774% volatility is expected.
Pessimistic target level: 54.04
Optimistic target level: 56.75

Target values for the price of one HDFC Bank share for Jun 2024.

The weighted average target price per HDFC Bank share in Jun 2024 is: 54.63.
In Jun, the Negative dynamics for HDFC Bank Limited shares will prevail with possible monthly volatility of 2.752% volatility is expected.
Pessimistic target level: 53.85
Optimistic target level: 55.37

Target values for the price of one HDFC Bank share for Jul 2024.

The weighted average target price per HDFC Bank share in Jul 2024 is: 55.27.
In Jul, the Positive dynamics for HDFC Bank Limited shares will prevail with possible monthly volatility of 6.587% volatility is expected.
Pessimistic target level: 53.45
Optimistic target level: 57.22

Target values for the price of one HDFC Bank share for Aug 2024.

The weighted average target price per HDFC Bank share in Aug 2024 is: 51.84.
In Aug, the Negative dynamics for HDFC Bank Limited shares will prevail with possible monthly volatility of 7.646% volatility is expected.
Pessimistic target level: 49.30
Optimistic target level: 53.39

Target values for the price of one HDFC Bank share for Sep 2024.

The weighted average target price per HDFC Bank share in Sep 2024 is: 54.00.
In Sep, the Positive dynamics for HDFC Bank Limited shares will prevail with possible monthly volatility of 7.058% volatility is expected.
Pessimistic target level: 52.02
Optimistic target level: 55.97

Target values for the price of one HDFC Bank share for Oct 2024.

The weighted average target price per HDFC Bank share in Oct 2024 is: 52.83.
In Oct, the Negative dynamics for HDFC Bank Limited shares will prevail with possible monthly volatility of 6.102% volatility is expected.
Pessimistic target level: 51.91
Optimistic target level: 55.28

Target values for the price of one HDFC Bank share for Nov 2024.

The weighted average target price per HDFC Bank share in Nov 2024 is: 51.75.
In Nov, the Negative dynamics for HDFC Bank Limited shares will prevail with possible monthly volatility of 4.409% volatility is expected.
Pessimistic target level: 50.08
Optimistic target level: 52.39

Target values for the price of one HDFC Bank share for Dec 2024.

The weighted average target price per HDFC Bank share in Dec 2024 is: 51.46.
In Dec, the Negative dynamics for HDFC Bank Limited shares will prevail with possible monthly volatility of 7.309% volatility is expected.
Pessimistic target level: 49.77
Optimistic target level: 53.69



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Disclaimer:

All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.