HDFC Bank500180Private sector banking
BNP Paribas remains most positive on HDFC Bank among large private banks, with target price of 1270 implying about 60% upside, citing scope for ROE improvement
By ScoutQuest · · 1 min read
- Target price
- 1270 rupees
- Current price level
- 800 rupees
- Price to book before rally
- 1.3 times
- Price to book now
- 1.6 times
- Historic price to book
- 3.5 to 4 times
Heard on business television between 10:14:52 - 10:17:52 IST.
- Shantanu Chakravarthy of BNP Paribas named HDFC Bank, ICICI and Axis as top picks in that order, incrementally positive on Kotak too
- Said HDFC Bank traded at 1.3x price-to-book before the recent 18-20% rally, now at 1.6x, still low versus historic 3.5-4x
- Argued old valuations not comparable as HDFC Bank today is a different, more mature entity after merger with HDFC Ltd, with lower CASA than before
- Said bank is nearing 15% core ROE and expects it to cross 16% over next two years, which should support re-rating
- Target price of 1270 given versus current level near 800, implying about 60% upside
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Source: Live TV News Channel · 13 Nov 2026
The call above is Shantanu Chakravarthy, BNP Paribas's, reported here as they made it. Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.