Parag Thakkar Bets On HDFC Bank At Rs 925, Sees Nearly 30% Upside
HDFC Bank is in focus.
30 Sept 2026 · NDTV Profit
HDFC Bank shares have delivered muted returns across several time frames. The stock is down around 2.1% over the past five trading sessions, while it has gained around 0.8% in the past month.
The analysis
HDFC Bank reported Rs 925,, with movement of 30%, 2.1% and 0.8% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -1.2% on the day at ₹702.80, and has returned -15.3% over three months. It sits 30% below its 52-week high, which means a good deal of bad news was already in the price. The banks sector has moved -4.0% over the same period, so HDFC Bank is running 11.3 points behind its peers.
For HDFC Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Market context
- The company directly in focus is HDFCBANK.
- Sector exposure: Banks.
In this story
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