HDFC Share Price VS SBI Share Price: Although the banking sector has lagged behind the Nifty index over the past 6 to 12 months, it is positioned for significant long-term growth, primarily due to India’s largely underbanked population. As of 2024, the Nifty Bank index has increased by 8.5% year-to-date, while the benchmark Nifty has risen over 13%. In the past year, the Nifty Bank has gained around 17%, in contrast to the Nifty’s approximate 26% surge. Within the sector, private banks have seen a more pronounced correction compared to their public sector counterparts. Nevertheless, analysts expect a recovery in the banking space in the near future.
HDFC Share Price VS SBI Share Price
SBI has significantly outperformed both HDFC Bank and the Nifty Bank index this year, surging over 37% year-to-date in 2024, while HDFC Bank has declined by more than 5% in the same period. Throughout the current calendar year, SBI has recorded positive returns in 6 of the 7 months, whereas HDFC Bank has only been in the green for 4 months.
In July alone, SBI rose nearly 4%, marking its sixth consecutive month of gains. Prior to that, it gained 2.2% in June, 0.5% in May, 9.8% in April, 0.5% in March, and 16.6% in February. The only month where it was flat was January, where it dipped slightly by just 0.08%.
HDFC Share Price VS SBI Share Price Today Prediction
HDFC Bank, in contrast, saw a decline of about 4% in July after four consecutive months of gains. It rose 10% in June, 0.75% in May, 5% in April, and 3.2% in March. However, the stock faced corrections in the first two months of 2024, dropping 4% in February and 14.4% in January. Over the past year, SBI has also outperformed, surging nearly 47%, while HDFC Bank has experienced a decline of over 3%.
Both banks reached record highs this year, buoyed by strong market sentiment and investor confidence. SBI achieved its peak of ₹912.10 in June 2024 and had a 52-week low of ₹543.15 in October 2023. Currently trading at ₹880.85, it is just 3.4% shy of its peak and has risen over 62% from its yearly low.
Meanwhile, HDFC Bank hit a record high of ₹1,791.90 on July 3, 2024, but is now trading at ₹1,619.90, reflecting a nearly 10% decline from that peak. However, it has gained over 19% from its 52-week low of ₹1,363.45, reached in February 2024.In terms of long-term performance, SBI has emerged as the clear winner over the past three years, soaring 105%, while HDFC Bank has only gained 6.5%.
HDFC Bank Share Price Target 2024 to 2035
HDFC Bank Share Price Target 2024, 2025, 2026, 2027, 2028, 2030, 2032, 2035
HDFC Bank Share Price Target 2024 ₹1,576.08, 2025 ₹1,671.68, 2026 ₹1,767.71, 2027 ₹1,866.80, 2028 ₹1,962.47, 2029 ₹2,068.87, 2030 ₹2,167.01, 2031 ₹2,265.16, 2032 ₹2,363.56, 2035 ₹2,657.99. Full Information
SBI Share Price Target 2024 To 2030 Forecast
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SBI Share Price Target 2024, 2025, 2026 To 2030
SBI Share Price Target 2024, ₹698.34 2025, ₹722.65 2026, ₹743.30 2027, ₹766.40 2028, ₹809.14 2029, ₹845.00 2030 ₹919.67 Full Information
HDFC Bank
- Performance Metrics: HDFC Bank is known for its strong asset quality, consistent profitability, and robust retail banking franchise. Its financial health is reflected in its return on assets (ROA) and return on equity (ROE).
- Market Position: As one of India’s largest private sector banks, HDFC Bank is well-positioned to benefit from the growing demand for banking services, especially in retail and digital banking.
- Growth Drivers: Expansion in loan portfolios, advances in digital banking technology, and increasing consumer credit demand are likely to drive growth.
State Bank of India (SBI)
- Market Leadership: As India’s largest public sector bank, SBI has a vast customer base and extensive branch network, which provides a strong competitive advantage.
- Government Support: Being a state-owned entity, SBI often benefits from government policies aimed at boosting the banking sector, particularly during economic downturns.
- Challenges: SBI may face challenges related to non-performing assets (NPAs) and competition from private banks, but it also has strong capital support and a diversified portfolio.
Conclusion
- HDFC Bank is likely to continue its trend of strong performance due to its efficient operations and focus on retail banking, which could lead to steady share price appreciation.
- SBI, while facing some challenges, has the potential for significant growth driven by government backing and a large market presence, making it an attractive option for investors looking for exposure to public sector banks.
Both banks offer unique advantages, and their share prices will be influenced by broader economic conditions, regulatory changes, and market dynamics. Investors should closely monitor these factors to make informed decisions regarding their investments from 2024 to 2030.
