Shares of HDFC Bank edged higher following its quarterly update, with several brokerages reiterating constructive views on valuation. Analysts argued the stock remains undervalued relative to long-term return potential, citing improving deposit traction and stable asset quality. Target prices clustered near ₹1,850 featured in research commentary discussing net interest margins and operating metrics. The move aligned with selective accumulation in large private-sector lenders despite broader market volatility. Portfolio managers emphasized monitoring loan growth mix, CASA trends, and credit costs to calibrate expectations.