Mumbai, May 4 -- Late last month, HDFC Bank's market valuation crossed Rs.15 trillion, a landmark so far achieved only by Reliance Industries and Tata Consultancy Services. The record came after its shares ran up 35% in the last 12 months, helping it become the second-most valuable company by way of market capitalization.

And subsequent to its latest quarter and annual results for fiscal year 2025 (FY25), broking firms have turned bullish on the bank's prospects, raising the target price for its shares to between Rs.2,250 and Rs.2,340. That would mean a 17-22% increase from current share price levels of Rs.1,924, resulting in a market valuation of about Rs.17.75 trillion. In dollar terms, at a valuation of $210 billion, it would be as bi...