HDFC Bank has become India’s first bank to cross the Rs. 15 lakh crore market capitalization milestone, reinforcing its position as the most valuable private sector lender and one of the top companies in India by market value.
Market Cap Milestone
With shares rising 2.5% to Rs. 1,825 apiece, HDFC Bank’s market capitalization crossed the Rs. 15 lakh crore mark. Key metrics at the milestone:
- Share Price: Rs. 1,825
- Market Cap: Rs. 15.02 lakh crore
- 52-Week High: Rs. 1,840
- 52-Week Low: Rs. 1,420
- P/E Ratio: 18.5x
Driving Factors
Strong Q2 results, healthy asset quality metrics, and successful HDFC merger integration have driven investor confidence in the stock.
Merger Benefits
The merger with HDFC Ltd has started delivering synergies, with improved cost efficiency and enhanced product cross-selling opportunities.
Asset Quality
The bank’s gross NPA ratio remained stable at 1.26%, among the lowest in the banking industry. Net NPA stood at 0.31%.
Growth Outlook
Analysts expect HDFC Bank to maintain its growth trajectory, with loan book expected to grow 15-17% in FY26. Net interest margins are expected to remain stable.
Institutional Holdings
FIIs hold approximately 48% in HDFC Bank, making it one of the most held Indian stocks by foreign investors. DIIs own another 23%.
Analyst Recommendations
Most brokerages maintain a Buy rating on HDFC Bank with target prices in the Rs. 1,900-2,000 range.
