Pending — not yet graded
Maintains an 'Outperform' rating on HDFC Bank with a target price of ₹1,150, implying over 62% upside. The leadership succession timeline is on track ahead of the current CEO’s retirement, with the board proposing elevating Jimmy Tata to whole-time director.

Bernstein Analysis’s track record (trackable calls only): 5 graded calls · 95% CI 4–62%

HDFC BankBullishCalled 15 Sep 2026
Verdict:PENDING

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Tracking HDFC Bank since this call

1-year tracking window
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