Citi cuts target for HDFC Bank stock from INR 970 to INR 880

Published on 10/26/2026 at 09:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HDFC Bank stock trades at EUR 19.70 on October 26, 2026. Second-quarter profit rose 4.7 percent year over year to INR 195.1 billion.

Earnings and analyst context

On October 19, 2026, Citi lowered its target from INR 970 to INR 880.
HDFC Bank reported INR 195.1 billion in profit after tax for the second quarter of fiscal 2027.
HDFC Bank stock traded at EUR 19.70 at 9:06 a.m. CET at Lang & Schwarz on October 26, 2026.
Net interest margin stood at 3.16 percent on total assets in the second quarter.

HDB, US40415F1012, Illustration mit AI erstellt.

HDFC Bank (ISIN US40415F1012) saw Citi cut its target from INR 970 to INR 880 on October 19, 2026, as NDTV Profit reported. The ADR was trading at EUR 19.70 at Lang & Schwarz on October 26, 2026 at 9:06 a.m. CET.

Target cut meets resilient earnings

The analyst change came after HDFC Bank reported second-quarter results for the period ended September 30, 2026. Fortune India said profit after tax rose 4.7 percent year over year to INR 195.1 billion, while net interest income increased 9.7 percent to INR 346.2 billion. The bank's net interest margin was 3.16 percent on total assets and 3.32 percent on interest-earning assets.

Three dates define the latest picture

On October 17, 2026, HDFC Bank reported INR 195.1 billion in second-quarter profit, according to Fortune India. On October 19, 2026, Citi lowered its target from INR 970 to INR 880, as NDTV Profit reported. On October 26, 2026, the ADR traded at EUR 19.70 at Lang & Schwarz.

What does the leadership date mean?

HDFC Bank's managing director and chief executive Sashidhar Jagdishan was scheduled to complete his term on October 26, 2026, according to Fortune India. The transition gives the target cut a second dimension: Citi retained a positive view while highlighting the need to improve retail deposit growth, lending mix and margins. HDFC Bank's gross non-performing asset ratio was 1.11 percent in the second quarter, down from 1.24 percent a year earlier, according to Stock Titan.

Stock price enters the leadership handover

HDFC Bank stock was trading at EUR 19.70 at Lang & Schwarz on October 26, 2026 at 9:06 a.m. CET. The further course of trading is shown by the continuously updated real-time quote of HDFC Bank stock.