HDFC Bank’s share price hit a new 52-week high on Thursday, rising 2.2% to an intra-day high of Rs 1,919.70 on the National Stock Exchange. The stock was one of the major movers in the Nifty 50, leading the gains for the day. 

The stock has given a return of almost 7% from year to date. It has risen by more than 27% in the last one year. It has raised investors’ wealth by 14% in the last six months and 10% in the past one month. The share price of HDFC Bank has increased by around 8% in the previous five trading days. 

To compare, the benchmark index, Bank Nifty has risen 8% in the last five trading days. The index has given a return of more than 12% in the past one month and 6% in the previous six months. The index has raised investors’ wealth by 15.3% in the previous one year.

HDFC Bank Q4 business update

Its deposits increased 14.1% year-on-year and 5.9% quarter-on-quarter to Rs 27.15 lakh crore in Q4 FY25. Its gross advances rose by 5.4% YoY and 4% sequentially to Rs 26.44 lakh crore reported the country’s largest private lender in its unaudited provisional business update.

HDFC Bank securitised Rs 57,000 crore of advances in the current financial year and in Q4 alone it securitised Rs 10,700 crore of loans in.

Its average deposits surged 16% on year and 3.1% QoQ to Rs 25.28 lakh crore. The Current account savings account (CASA) deposits grew 5.7% YoY and 1.4% sequentially to Rs 8.29 lakh crore in Q4FY25.

Nuvama on HDFC Bank

In January, the international brokerage house Nuvama Institutional Equities retained its ‘Buy’ call on the stock with a target price of Rs 1,950. It believes that HDFC Bank achieved impressive results (Q3FY25 or December quarter) during a challenging macroeconomic environment.

HDFC Bank Q3 performance

The private lender reported a standalone net profit growth of 2.2% YoY at Rs 16,736 crore in Q3 FY25, as against Rs 16,372.54 crore in Q3 FY24. Its net interest income grew 7.7% on year to Rs 30,650 crore. The total income surged 7% YoY to Rs 87,460 in the quarter ending December FY25, compared with Rs 81,720 crore in the same period a year ago.