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Neutral impactCompany

HDFC Bank shares flat, Bernstein maintains outperform rating with ₹1,150 target

BusinessLine 1 hr ago·6 Oct 2026, 5:43 am

HDFC Bank shares are currently trading flat, holding steady around the ₹708 mark. This stability comes as global brokerage firm Bernstein has maintained its 'outperform' rating on the stock, keeping its price target at ₹1,150.

For investors, this rating suggests that the bank's fundamentals remain strong despite broader market volatility. The 'outperform' label indicates that the brokerage believes the stock has the potential to deliver returns that outpace the broader market in the near term.

Moving forward, investors should keep an eye on the bank's quarterly earnings reports and any updates regarding its credit growth. These factors will be crucial in determining if the stock can move towards its target price of ₹1,150.