HDFC Bank Share Price Target at Rs 1,050 as Jefferies Maintains Buy on Improving Loan Growth

HDFC Bank share price CMP Rs 830.10, up 3.63%. Jefferies maintains buy, target Rs 1,050. Loan growth improved to 15% YoY from 12% in March quarter. LDR rose to 97%.

Updated: 6 Jul 2026 • 4:22 pm

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HDFC Bank Share Price Target at Rs 1,050 as Jefferies Maintains Buy on Improving Loan Growth

HDFC Bank share price rose 3.63 percent to Rs 830.10 on 6 July 2026, making it the top gainer among Nifty 50 constituents, after Jefferies maintained its buy rating, setting the HDFC Bank share price target at Rs 1,050. The brokerage's note highlights loan growth improving to 15 percent year on year, up from 12 percent in the March quarter.

Jefferies also notes that deposits increased by Rs 65,200 crore during the June quarter, taking deposit growth to 15 percent year on year, while the loan to deposit ratio rose to 97 percent as the bank continues to deploy its balance sheet more efficiently.

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About HDFC Bank

HDFC Bank is India's largest private sector lender by assets, offering retail banking, wholesale banking, treasury and digital financial services, having completed its merger with HDFC Limited in 2023.

Why This HDFC Bank Share Price Target Is in Focus

The HDFC Bank share price target of Rs 1,050 from Jefferies is in focus because it reflects a bullish view on the bank's accelerating loan growth trajectory following the extended post-merger integration period. Investors tracking HDFC Bank share price can view live quotes and fundamentals on the Univest stock page for HDFC Bank before assessing the note.

Loan Growth Accelerates From March Quarter

Jefferies highlights that loan growth improved to 15 percent year on year in the June quarter, a notable acceleration from 12 percent in the preceding March quarter, signalling that HDFC Bank's credit growth trajectory is gaining momentum as the bank moves further past its merger integration phase.

Deposit Growth and Rising LDR

Deposits increased by Rs 65,200 crore during the quarter, taking deposit growth to 15 percent year on year, broadly in line with loan growth. This balanced growth pushed the loan to deposit ratio up to 97 percent, with Jefferies expecting FY27 loan and deposit growth of 13 percent and 15 percent respectively going forward.

HDFC Bank Share Price Target: Jefferies Note Summary

The table below summarises the key points from Jefferies' note.

Parameter	Detail
Rating	Buy (maintained)
Target Price	Rs 1,050
Loan Growth (June Quarter)	15% YoY (up from 12% in March quarter)
Deposit Growth	15% YoY (+Rs 65,200 crore)
LDR	97%
FY27 Loan/Deposit Growth Estimate	13% / 15%

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HDFC Bank Share Price Today and Recent Performance

HDFC Bank share price touched an intraday high of Rs 831.70 and a low of Rs 805.65 during the session. Trading volumes stood at 2,938,288 shares, compared to the five day average of 1,972,001 shares, an increase of 49.00 percent, reflecting strong investor participation as the stock led gains across the banking sector.

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What This HDFC Bank Share Price Target Means

Jefferies' Rs 1,050 target, alongside the accelerating loan growth trend, suggests the brokerage sees HDFC Bank's core banking momentum strengthening as merger related integration effects continue to fade. The rising LDR toward 97 percent will be a key metric to watch, since a loan to deposit ratio approaching or exceeding 100 percent can constrain further balance sheet growth without continued strong deposit mobilisation.

Conclusion

The HDFC Bank share price target from Jefferies stands at Rs 1,050, with the brokerage maintaining its buy rating after loan growth improved to 15 percent YoY in the June quarter. The stock was trading around Rs 830.10 during the session, up 3.63 percent. Track the bank's full quarterly results for further confirmation and consult a SEBI registered advisor before making any investment decision.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Frequently Asked Questions on HDFC Bank Share Price Target

What is the HDFC Bank share price target from Jefferies?

Ans. Jefferies has set an HDFC Bank share price target of Rs 1,050, maintaining its buy rating on the stock.

Why did HDFC Bank share price rise sharply today?

Ans. HDFC Bank share price rose 3.63 percent on 6 July 2026, becoming the top Nifty 50 gainer, after Jefferies maintained its buy rating and noted loan growth improved to 15 percent YoY from 12 percent in the March quarter.

How much did HDFC Bank's deposits grow in the June quarter?

Ans. HDFC Bank's deposits increased by Rs 65,200 crore during the June quarter, taking deposit growth to 15 percent year on year.

What is HDFC Bank's loan to deposit ratio?

Ans. HDFC Bank's loan to deposit ratio rose to 97 percent in the June quarter, according to Jefferies' note.

What was HDFC Bank share price on 6 July 2026?

Ans. HDFC Bank share price was quoting at Rs 830.10, up 3.63 percent, after touching an intraday high of Rs 831.70 and a low of Rs 805.65.

Should investors buy HDFC Bank at this share price target?

Ans. This article does not constitute investment advice. Brokerage targets are estimates subject to revision. Review the bank's full financials and consult a SEBI registered financial advisor before making any investment decision.