{"id":65948,"date":"2026-03-30T16:08:23","date_gmt":"2026-03-30T10:38:23","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=65948"},"modified":"2026-03-30T16:08:24","modified_gmt":"2026-03-30T10:38:24","slug":"hdfc-bank-share-falls-24-percent-jpmorgan-positive-outlook","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/hdfc-bank-share-falls-24-percent-jpmorgan-positive-outlook\/","title":{"rendered":"After a 24% Fall, HDFC Bank Finds Support: JPMorgan Turns Market Sentiment Positive"},"content":{"rendered":"<p>The recent HDFC share price is \u20b9743.25, reflecting a decline of more than 3.90% from the previous session on 27th March, Friday, after Jefferies Christopher Wood removed the private lender from two key portfolios, as per the latest report.&nbsp;&nbsp;<\/p><p>The pressure on HDFC Bank share prices has increased after the resignation of part-time Chairman Atanu Chakraborty, who raised concerns about corporate governance at the country\u2019s largest private lender.&nbsp;<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-bank-share-falls-24-percent-jpmorgan-positive-outlook\/#Key_Highlights_of_the_JP_Morgan_Jefferies_Valuation_Report\" title=\"Key Highlights of the JP Morgan &amp; Jefferies Valuation Report\">Key Highlights of the JP Morgan &amp; Jefferies Valuation Report<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-bank-share-falls-24-percent-jpmorgan-positive-outlook\/#Latest_Report_on_HDFC_Bank\" title=\"Latest Report on HDFC Bank:&nbsp;\">Latest Report on HDFC Bank:&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-bank-share-falls-24-percent-jpmorgan-positive-outlook\/#HDFC_Bank_Recent_Price_Movements\" title=\"HDFC Bank: Recent Price Movements&nbsp;\">HDFC Bank: Recent Price Movements&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-bank-share-falls-24-percent-jpmorgan-positive-outlook\/#HDFC_Bank_Analyst_Ratings_and_Targets\" title=\"HDFC Bank: Analyst Ratings and Targets&nbsp;\">HDFC Bank: Analyst Ratings and Targets&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-bank-share-falls-24-percent-jpmorgan-positive-outlook\/#HDFC_Bank_Future_Outlook\" title=\"HDFC Bank: Future Outlook&nbsp;\">HDFC Bank: Future Outlook&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-bank-share-falls-24-percent-jpmorgan-positive-outlook\/#Conclusion\" title=\"Conclusion&nbsp;\">Conclusion&nbsp;<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Highlights_of_the_JP_Morgan_Jefferies_Valuation_Report\"><\/span><strong>Key Highlights of the JP Morgan &amp; Jefferies Valuation Report<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><ul class=\"wp-block-list\"><li>JPMorgan Chase has maintained a<strong> Neutral\/Hold rating<\/strong> on HDFC Bank, with a price target of \u20b91,050-\u20b91,090, on the back of near-term caution due to factors such as governance issues, leadership changes, and challenges in the merger process.<\/li>\n\n<li>However, the market consensus on HDFC Bank remains largely positive, with most analysts assigning a <strong>Buy\/Strong Buy rating<\/strong> and an average price target of around \u20b91,150, reflecting an upside of 30-50% from current levels.<\/li>\n\n<li>Analysts continue to emphasise the bank\u2019s solid core fundamentals, asset quality, and visibility of long-term loan growth, along with the gradual pick-up in deposit growth after the HDFC Ltd merger.<\/li>\n\n<li>Overall, while JPMorgan Chase is cautious in the near term, most analysts agree that HDFC Bank has a solid long-term investment case once near-term challenges normalise.<\/li><\/ul><ul class=\"wp-block-list\"><li>Jefferies has a <strong>\u201cBuy\u201d<\/strong> recommendation on HDFC Bank with a target price of \u20b91,240, indicating an upside potential of 55-65%, considering that the bank\u2019s \u201cvaluation is in our view deep value\u201d following the recent correction. Moreover,<strong> Jefferies believes the bank is facing \u201cshort-term issues but not structural.\u201d<\/strong><\/li>\n\n<li>Bernstein has an<strong> \u201cOutperform\u201d<\/strong> recommendation on HDFC Bank with a target price range of \u20b91,150-1,200.<\/li><\/ul><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Latest_Report_on_HDFC_Bank\"><\/span><strong>Latest Report on HDFC Bank:&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Recent news that Sashidhar Jagdishan Chakraborty, commonly known as Chakraborty in market terms, has resigned from HDFC Bank has sparked considerable interest among investors and market experts. This is because HDFC Bank is a significant private-sector bank.&nbsp;<\/p><p>The departure of Chakraborty, who held a crucial position on the bank&#8217;s management team, was due to personal reasons, according to the official communication. Though the reasons for the departure do not indicate any corporate governance issues, the departure assumes significance given the size of HDFC Bank and the merger with HDFC Ltd.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"HDFC_Bank_Recent_Price_Movements\"><\/span><strong>HDFC Bank: Recent Price Movements&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>As per the recent HDFC share price of \u20b9738.25, down 2.37% over the previous session, it also reflects a downward trend of 16.02% over the past month; due to the resignation of Chakraborty, which may negatively impact the HDFC share price and also make a downward trend by 23.24% over the past six months. The HDFC Bank market capitalisation is \u20b911,64,123 crores with the 52-week low of \u20b9726.65 and the 52-week high of \u20b91,020.50.&nbsp;&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"HDFC_Bank_Analyst_Ratings_and_Targets\"><\/span><strong>HDFC Bank: Analyst Ratings and Targets&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The HDFC Bank stock has recently experienced a optimise 24% decline year-to-date, more than the Nifty 50\u2019s 13% drop and ICICI Bank\u2019s 8% fall. The HDFC share has been closed at \u20b9757.95, which makes a large five-week losing streak, with the recent trading activity showing on the price declines.&nbsp;<\/p><p><strong>Jefferies also maintained a \u2018Buy\u2019 rating and \u20b91,240 target, which suggests a potential 64% upside. <\/strong>The company has noted that the stock trades at 1.6x estimated FY27 adjusted book value and 13x P\/E, following the HDFC Bank valuation.&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"HDFC_Bank_Future_Outlook\"><\/span><strong>HDFC Bank: Future Outlook&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>As per the analyst&#8217;s sentiment on HDFC Bank, it remains optimistic about leadership decisions and the bank\u2019s success in post-merger integration. The future outlook for the banking sector has seen loan growth of approximately 12% in FY26 and FY27, mainly driven by domestic demand. However, some liquidity challenges, rather than the growth, remain a key factor to watch in the long-term potential. The bank\u2019s Capital Adequacy Ratio (CAR) remains robust at 19.9% as of the 31st December, 2025, from the above regulatory minimum of 11.9%.&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Despite the significant correction of nearly 24% in 2026, it seems that HDFC Bank is finding a strong support zone, as there are signs of positive sentiment in the market, led by global brokerages such as JPMorgan Chase and Jefferies. Although there are near-term headwinds, such as the exit of Atanu Chakraborty and discussions around governance and the integration of the merger, they are considered to be near-term and not structural.<\/p><p><strong>Also Read<\/strong><\/p><p><a href=\"https:\/\/univest.in\/blogs\/suzlon-jumps-after-gail-deal\"><strong>Suzlon Jumps over 3% After GAIL Deal \u2014What\u2019s Driving the Rally?\u201d<\/strong><\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/why-is-shaily-engineering-plastics-share-price-falling\"><strong>Why is Shaily Engineering Plastics&#8217; Share Price Falling?<\/strong><\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/vedanta-drops-after-dividend-shock\"><strong>Vedanta Drops Over 4% After Dividend Shock: Should You Buy the Dip?<\/strong><\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/ireda-share-price-falls-dividend-news\"><strong>IREDA Slips 2.3% in Surprise Move: \u20b90.60 Dividend Fails to Lift Sentiment<\/strong><\/a><br><\/p>","protected":false},"excerpt":{"rendered":"<p>The recent HDFC share price is \u20b9743.25, reflecting a decline of more than 3.90% from the previous session on 27th March, Friday, after Jefferies Christopher Wood removed the private lender from two key portfolios, as per the latest report.&nbsp;&nbsp; The pressure on HDFC Bank share prices has increased after the resignation of part-time Chairman Atanu<\/p>\n","protected":false},"author":26,"featured_media":65954,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[3914],"class_list":["post-65948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-share-price-falls"],"metadata":{"_edit_lock":["1774867129:28"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"rank_math_primary_category":["842"],"rank_math_seo_score":["58"],"rank_math_description":["HDFC Bank share falls 24% amid leadership exit and governance concerns. 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