Archive · 1 Sep 2026
HDFC Bank Shares Fall Below Rs 700, Brokerages Set Targets
HDFC Bank’s share price dropped below Rs 700 after four years.
It reached Rs 698.50 during the trading session.
A technical analyst said the stock is weakening and is below several important averages.
He said Rs 710 is an important support level.
If the price falls clearly below that level, it could decline toward Rs 680–660.
Ashika expects investors to remain cautious until the bank names a successor.
Ashika has a buy rating and a Rs 959 target.
Motilal Oswal also has a buy rating with a Rs 925 target.
The brokerages expect the bank’s earnings to improve from FY28 onward.
HDFC Bank shares fell below the Rs 700 mark after four years and touched a 52-week low of Rs 698.50.
The bank’s market capitalization stood at Rs 10.92 lakh crore during the session.
Technical analyst Virat Jagad said the stock remains in a downtrend, with major support at Rs 710.
Jagad warned that a decisive break below Rs 710 could send the stock toward Rs 680–660.
Ashika and Motilal Oswal retained positive views, setting price targets of Rs 959 and Rs 925, respectively.
- Who
- HDFC Bank, technical analyst Virat Jagad, Ashika, and Motilal Oswal.
- What
- HDFC Bank shares fell below Rs 700 and received mixed technical and brokerage assessments.
- When
- During the current trading session; the shares were reported to have fallen below Rs 700 after four years.
- Where
- In the stock market; the bank’s market capitalization was reported at Rs 10.92 lakh crore.
- Why
- The stock is in a technically bearish trend, while investors are also cautious about the identification of the bank’s next MD and CEO.
Bearish Technical View
Positive Brokerage View
Near-term price direction
Bearish Technical View
Virat Jagad of Bonanza Portfolio said HDFC Bank remains in a downtrend and below major EMAs, indicating continued weakness.
Positive Brokerage View
Ashika and Motilal Oswal maintained buy ratings and set targets of Rs 959 and Rs 925, respectively.
Key price level
Bearish Technical View
Jagad identified Rs 710 as major support and said a decisive breakdown could lead to Rs 680–660 in the coming days.
Positive Brokerage View
Motilal Oswal expects improved earnings from FY28 onward and said return on assets should sustain at 1.8%.
Investor confidence
Bearish Technical View
Ashika said investors are likely to remain cautious until a successor is identified for the bank’s MD and CEO position.
Positive Brokerage View
Ashika said the incoming leader’s profile, track record, and strategic vision could help rebuild investor confidence.
- 52-week low
- Rs 698.50
- Market capitalization
- Rs 10.92 lakh crore
- Technical support
- Rs 710
- Technical downside target
- Rs 680–660 if Rs 710 breaks decisively
- Ashika target
- Rs 959, with a buy rating
- Motilal Oswal target
- Rs 925, with a buy rating
- Earnings outlook
- Motilal Oswal expects improved earnings performance from FY28 onward