HDFC Bank Share Price at All Time High, Will it touch 2150?

Shares of HDFC Bank, the largest private sector bank in the country. Today, on July 3 a rise of 2.2 percent was seen. It has closed at a price of Rs.1768.65 at the same time the stock touched Rs. 1791.90 its all time high. According to experts the next target of HDFC Bank shares will be at the level of ₹2100 to ₹2150.

With today’s rise, the market cap of HDFC Bank has increased to Rs 13.45 lakh crore. Judges estimate inrushes worth $3.2 billion – $4 billion into HDFC Bank due to the anticipated move. They also anticipate HDFC Bank to prop the instigation in marks in the near term. Market actors are awaiting the lender’s weightage in the MSCI Emerging Markets indicator to rise to upto 7.8 in an anticipated rejig in August, from the 3.8 it holds presently.

The stock’s 52-week low is Rs 1,363.45. HDFC bank’s shares have risen by more than 12 percent in the last one month. The stock has given returns of about 43 percent in the last 5 years.