HDFC Bank’s Margin Magic: Brokerages Bullish with Targets Up to ₹2,660 on 5 Key Wins

Unknown Apr 02, 2026 1,000 Views

HDFC Bank’s Q4FY25 results sparked major brokerage upgrades, with targets reaching ₹2,660 (BNP Paribas) and ₹2,340 (Jefferies). Here’s why: Margin Momentum: Core NIM rose 11 bps QoQ to 3.54%, driven by deposit repricing and IT refund gains1. Deposit Growt...