HDB Financial Services Shares Rise After Decent Debut: Should You Buy, Hold Or Sell?
HDB Financial Services' share price extended gains after making a steady debut in the Indian stock market on Tuesday
HDB Financial Services' share price extended gains after making a steady debut in the Indian stock market on Tuesday, July 2, 2025. Following its recently concluded initial public offering (IPO), HDB Financial Services shares were listed on both the BSE and NSE at Rs 835, marking a 12.84% premium over the issue price of Rs 740.
Post-listing, the stock witnessed further buying momentum, rising to an intraday high of Rs 845.75 on the BSE, gaining over 1% from the listing level.
The Rs 12,500-crore IPO was open for subscription from June 25 to June 27. The listing today aligned with Street expectations, supported by the positive trend in the grey market premium (GMP).
Analyst Views: What Should Investors Do Now?
Prashanth Tapse, Research Analyst at Mehta Equities, said the listing reflected strong investor appetite and was in line with expectations. 'Given the healthy listing and prevailing bullish sentiment, we recommend holding HDB Financial Services shares for the long term. The company is well-positioned to capitalise on India's structural credit growth, especially in the retail and SME segments," Tapse noted.
For investors who didn't receive an allotment, Tapse advised accumulating on post-listing corrections, especially during short-term volatility driven by broader market trends. 'HDB Financial Services offers a value-driven investment opportunity with both defensive and growth characteristics — ideal for investors with a 3–5 year horizon," he added.
Tarun Singh, Founder and MD of Highbrow Securities, said the nearly 13% listing premium reflected a balanced market view. 'The market has weighed the stability of HDFC lineage against the headwinds facing a maturing NBFC sector. The premium suggests HDB is seen more as a steady compounder than a high-growth play," Singh said.
He further added that HDB's performance in translating its pedigree into consistent returns would determine its long-term standing in the market.
Brokerage Emkay Global Financial Services initiated coverage with a 'Buy' rating and a June 2026 target price of Rs 900 per share, implying a 22% upside. Emkay expects 20% AUM CAGR and 27% EPS CAGR over FY25–28, backed by a strong origination network, post-IPO capital strengthening, and a supportive interest rate environment.
Emkay projects HDB Financial Services to achieve a return on assets (RoA) of 2.7% and a return on equity (RoE) of 17% by FY28. 'With the RBI likely to implement frontloaded repo rate cuts, NIMs could expand, boosting profitability. We estimate HDB can deliver ~20% AUM and ~27% EPS CAGR over FY25–28," said Avinash Singh, Senior Research Analyst at Emkay Global.
Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
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