HDB Financial Services Limited’s stock performance on July 3, 2025, exhibited an upward trend, building upon its successful IPO debut on July 2, 2025. Following a listing at ₹835, which was a 13% premium over its IPO price of ₹740, the stock saw intraday highs of ₹891.90 on July 3, 2025, marking a 20% jump from its IPO price.
HDB Analyst Perspectives and Market Debut
- Emkay Global initiated coverage on HDB Financial Services on its listing day (July 2, 2025) with a “buy” rating and a target price of ₹900.
- Prashanth Tapse from Mehta Equities highlighted that the IPO garnered over ₹1.61 lakh crore in bids, the second-highest for IPOs exceeding ₹10,000 crore, surpassed only by Tata Technologies.
Key Factors Influencing Performance (July 3, 2025)
- Positive Market Sentiment: Investor confidence in HDB Financial’s parentage (HDFC Bank), business model, and growth potential in the retail and SME lending sectors drove the stock’s rise.
- Strong Listing Day Performance (July 2, 2025): The stock’s 13% premium listing set a positive tone and likely fueled further gains.
- Company Fundamentals: HDB Financial’s focus on a diversified loan book, extensive branch network (including tier-4 towns and beyond), and strong management team contributed to positive market perception.
- Industry Outlook: Optimism surrounding India’s structural credit growth, particularly in the retail and SME segments, bolstered investor interest in the NBFC sector
