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Impressed by HDFC Bank’s stellar Q3 numbers, analysts hike target price
January 18, 2021
Stock hits all-time record of ₹1,503
The stock of HDFC Bank recorded its all-time high on Monday as analysts remained bullish on the stock and hiked the price target after the bank unveiled strong third-quarter results.
After recording the peak of ₹1,503 intra-day, shares on the BSE closed the day at ₹1,483.20, up ₹16.85, or 1.15 per cent. HDFC Bank’s shares opened at ₹1,472.80 against its previous close of ₹1,466.35. On the NSE, the private bank hit the peak of ₹1,502.85.
Steady performance
While brokerages remained bullish on the stock, today’s rally was mainly on account of short covering in F&O as some had expected the stock to cool off, analysts said.