The upward revision in HDFC Bank's consensus price target reflects a modest increase in its future P/E ratio, while revenue growth forecasts remain largely unchanged, resulting in a fair value change from ₹1138 to ₹1167.
What's in the News
- Shareholders approved an increase in authorised share capital, amending the Capital Clause of the Memorandum of Association.
- A 2:1 stock split and issuance of bonus shares were approved.
- A special interim dividend of INR 5 per share was declared for FY 2025-26.
- B S R & Co. LLP was appointed as one of the Joint Statutory Auditors, replacing Price Waterhouse LLP.
- The Reserve Bank of India imposed a penalty of INR 488,000 on the bank for a historical contravention under FEMA.
Valuation Changes
Summary of Valuation Changes for HDFC Bank
- The Consensus Analyst Price Target has risen slightly from ₹1138 to ₹1167.
- The Future P/E for HDFC Bank has risen slightly from 26.25x to 26.86x.
- The Consensus Revenue Growth forecasts for HDFC Bank remained effectively unchanged, moving only marginally from -2.7% per annum to -2.6% per annum.
Disclaimer
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