{"id":321056,"date":"2026-10-21T15:51:56","date_gmt":"2026-10-21T10:21:56","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=321056"},"modified":"2026-10-21T15:51:56","modified_gmt":"2026-10-21T10:21:56","slug":"hdfc-bank-share-price-anand-rathi-target-and-the-long-road-to-catch-up","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/hdfc-bank-share-price-anand-rathi-target-and-the-long-road-to-catch-up\/","title":{"rendered":"HDFC Bank Share Price: Anand Rathi Sees a Long Road to Catch Up with Peers"},"content":{"rendered":"

The HDFC Bank share price closed at Rs 706.95 on 21 Oct 2026, down 0.71% and about 28.7% lower than the first close of the year at Rs 991.15 (my calculation). A 19 Oct report says Anand Rathi has a target of Rs 966, about 36.6% above the close (my calculation), but calls the road to catch up with peers long, citing loan growth of 16.4% year on year, a net interest margin down 8 bps and a funding gap. The rating was not stated in the report I read.<\/em><\/p>\n

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The HDFC Bank share price closed at Rs 706.95 on 21 Oct 2026, down 0.71%, after Anand Rathi set a target of Rs 966 in a report dated 19 Oct, which is about 36.6% above the close (my calculation). The brokerage says HDFC Bank has a long road to catch up with peers, because loan growth of 16.4% year on year is slower than at ICICI Bank, Axis Bank and Kotak Mahindra Bank, and the net interest margin fell 8 bps because of FCNR flows. A funding gap, with low-cost deposits lagging credit growth, and a change in the top management add to the caution, and the rating was not stated in the report I read. The stock is about 28.7% below its first close of 2026 and trades at 1.82 times book against 2.59 times for ICICI Bank.<\/p>\n<\/p><\/div>\n

The HDFC Bank share price has been under pressure through 2026, falling from Rs 991.15 on the first trading day to Rs 706.95, with a 2026 low of Rs 681.90 on 11 Sep. The Anand Rathi report argues that the bank looks lower priced than its own history but that catching up with faster growing peers will take time, so the target of Rs 966 depends on a recovery that the brokerage itself calls long.<\/p>\n

This article on the HDFC Bank share price covers the Anand Rathi view, the price and valuation today, the comparison with ICICI Bank, the governance and leadership reports and what to watch next. It is educational and not a recommendation to buy or sell any share.<\/p>\n

Click Here – Get Free Investment Predictions<\/a><\/strong><\/p>\n

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