Best bank stock to buy amid Q2 business updates: PNB, Canara, Union Bank, Indian Bank or Bandhan? Target Prices
HDFC Bank left its position unchanged in a quarterly results development for Q2FY27.
· LiveMint Markets
Bank stocks, led by HDFC and PNB, rallied after Q2FY27 earnings updates revealed strong growth, with private banks driving momentum. Motilal Oswal maintains 'Buy' ratings for PNB and Indian Bank, as Union Bank shows moderate gains and Bandhan Bank experiences softer growth.
Key facts
- Period
- Q2FY27
The analysis
Against that, the stock is -1.5% on the day at ₹692.20, and has returned -14.6% over three months. It sits 31% below its 52-week high, which means a good deal of bad news was already in the price. The banks sector has moved -1.7% over the same period, so HDFC Bank is running 12.9 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.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- The company directly in focus is HDFCBANK.
- Sector exposure: Banks.
- The immediate tone of coverage reads positive.
In this story
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