By Admin 
Hdfc bank bonus share: HDFC, a large bank of private sector in the country, has announced to issue bonus shares to its shareholders in a ratio of 1: 1. A record date for this has been set on 26 August, so now investors are eyeing the bank shares.
On August 22, in early trade, the bank shares on BSE and NSE continued to fluctuate. Meanwhile, brokerage firm Jefferies has advised to buy HDFC Bank shares with a target price of Rs 2,400., its stock on Friday recorded a decline of 1 percent.
HDFC Bank shares trading
HDFC Bank shares were trading at Rs 1,973.90 per share on the NSE on Friday, the last trading day of the week. The bank’s market cap is Rs 15,14,987.03 crore. This stock is close to your intraday of Rs 1,972 per share. In the last 5 sessions, the stock has declined by about 2.4 percent. Nevertheless, this stock continues to increase by 11 percent year after year. In the last one year, HDFC Bank shares have gained 21 percent.
Why Brokerage trusts the bank shares?
Global brokerage firm Jefferies has advised to buy HDFC Bank shares with a target price of Rs 2,400. Jefferies says that HDFC Bank’s asset quality remains stable. This will help the bank to focus on the retail and SME loans of Behar Quality and will also increase its ability to give loans.
Jefferies hopes that HDFC Bank’s credit growth will improve by 11 percent by financial year 2026. In addition, the brokerage firm believes that American tariff is a major concern for all banks including HDFC Bank. However, Jeffers is not expected to have any significant impact on HDFC Bank as its investment in SME/export-oriented areas has better rating customers.
Meanwhile, Kotak Institutional Equities have recommended to add HDFC Bank shares into the portfolio with a target price of Rs 2,200 following the first quarter results.
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