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HDFC Bank shares hit ₹1,832.75 as market cap tops ₹14 Trillion for the first time, setting new market records

HDFC Bank set a new benchmark in the world of finance. Its stocks traded at a new-high figure on Thursday, shooting market capitalization past the milestone figure of ₹ 14 trillion for the very first time. The topmost private-sector bank is sailing way above the competition on buoyancy from its strong show of performance and investor trust.

The stock witnessed an all-time high rise to ₹1,832.75 at BSE intraday trading on Monday as it rose by 1.2%.

In comparison with the overall six-month benchmark, HDFC Bank gained nearly 20% since the last quarter, making it much stronger in comparison to the 6.7% return of BSE Sensex.

HDFC Bank's Growth Soars with Innovations and Strong Q2 Results

This rally is more than merely market trends. It reflects HDFC Bank's recent step. For example, the Pragati Savings Account was specially introduced for the rural and semi-urban customer base to fit into the bank's promise of financial inclusion and innovation. BigHaat, an agri-tech platform, with its tie-up with HDFC Bank, saves over 17 million farmers by providing discounts on essential agricultural products.

Post-merger, HDFC Bank is the second-largest bank in India, with a diversified portfolio and superior return ratios. Its Q2 FY25 results have surpassed expectations with stable margins coupled with strong deposit growth. Sustained growth with an optimal credit-deposit ratio is ensured under the management's focus. Analysts are optimistic at this point, with nearly ₹1,900 as a price target per share.

Adding to the buzz is its non-banking finance arm, HDB Financial Services, under an IPO. The ₹12,500 crore includes ₹10,000 crore through an offer for sale (OFS) by HDFC Bank.

HDFC Bank, in particular, has emerged as an India market-cap leader among other players like Reliance Industries and Tata Consultancy Services.