HDB · NYSE · STOCK
HDFC Bank (HDB) Stock Analysis
$22.28
52W $21.71 – $37.45
60/100
$114.28B
13.8
0.42
Is HDB Bullish or Bearish?
Bullish.
Innellis AI committee rates HDFC Bank Limited (HDB) Buy with a composite score of 60/100
, based on 5 analysts with 60% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +15.25 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -4.75 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The primary driver is p/e of 13.5 is inexpensive for the broad market. The main limiting factor is sector concentration is already high (hhi 2796.97). The committee is constructive but not yet at full conviction.
Bull & Bear Case
Bull Case
- P/E of 13.5 is inexpensive for the broad market — Value
- Revenue growing 47.4% YoY -- genuine top-line momentum — Growth
- Weekly trend (downtrend) confirms the daily trend -- multi-timeframe agreement — Technical
Bear Case
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- Price structure making lower highs and lower lows — Technical
- MACD histogram negative -- bearish momentum — Technical
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
60/100
Agreement
60%
Analysts
5
Conviction
Moderate
Sector Rank
Top 50%
of 211 Financial Services peers
Value Analyst
bullish
68
/ 100 · Moderate confidence
Classic value case: cheap on multiples with earnings power to back it up
+ P/E of 13.5 is inexpensive for the broad market
Growth Analyst
bullish
60
/ 100 · Moderate confidence
Strong, accelerating growth with consistent execution
+ Revenue growing 47.4% YoY -- genuine top-line momentum
− Growth rate is decelerating quarter over quarter -- the trend line matters more than the level
Technical Analyst
neutral
49
/ 100 · High confidence
Mixed or range-bound price action
+ Weekly trend (downtrend) confirms the daily trend -- multi-timeframe agreement
− Price structure making lower highs and lower lows
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
neutral
58
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 59.8 to 59.8.
- Bullish support removed: 1 signal(s) disappeared.
- New bullish signals: 1 appeared.
- Bearish pressure eased: 1 signal(s) disappeared.
Analyst-level changes:
- Value Analyst: +1 bullish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
45.6
Neutral
MACD Histogram
-0.037
Bearish Momentum
Trend Direction
Downtrend
Weekly: Downtrend
Market Structure
Mixed
Bollinger %B
0.29
Inside Bands
Price vs Moving Averages
EMA 9
$22.35
Below
EMA 21
$22.59
Below
EMA 50
$23.08
Below
EMA 200
$26.37
Below
Fundamental Analysis
Valuation
95
Growth
62
Profitability
66
Financial Health
39
Cash Flow
15
Valuation
P/E Ratio
13.8×
P/B Ratio
1.80×
PEG Ratio
1.23
Dividend Yield
2.19%
52W High
$37.45
52W Low
$21.71
Quality & Growth
ROE
1392.5%
ROA
166.3%
Gross Margin
6039.1%
Operating Margin
2276.3%
Revenue Growth YoY
—
Debt / Equity
0.93
AI Fundamental Assessment
P/E ratio of 13.8 (inexpensive relative to a 15-40x range); Price-to-book of 1.8x; PEG ratio of 1.2 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 13.9%; Return on assets of 1.7%; Net margin of 15.9%; Gross margin of 60.4%; Current ratio of 0.00 (tight short-term liquidity); Debt-to-equity of 0.93; Free cash flow per share is negative (0.00); Most recent quarter missed estimates by 0.8%; EPS growth decelerating (+3.1% -> -0.8% QoQ); Analyst estimates rising over recent quarters
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