HDFC Bank is in the spotlight after delivering strong loan growth in Q2. Nomura has a Buy rating on the largest private sector bank, as they believe it is well poised for growth in FY26. The brokerage house has revised its target price to Rs 1,095 per share from Rs 2,190 after the 1:1 bonus issue . This implies nearly 13% upside for the HDFC Bank share price from current levels.

Nomura on HDFC Bank: Loan growth strong

Nomura listed the highlights of HDFC Bank’s Q2 updates and explained the investment rationale. According to them, HDFC Bank’s strong 3.1% QoQ growth in its gross AUM is a key positive. AUM has also risen nearly 9% on a year-on-year basis. Moreover, the bank’s net loan sell-down as well as the gross loan growth was robust at 4.4% QoQ and 9.9% YoY.

The deposit growth

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