- Current Range: Trading around ₹1,998–2,000 per share, up ~2.2% intraday following Q1 earnings, bonus share, and interim dividend announcements MarketWatch+3mint+3ET Now+3.
- 52‑Week Range: ₹1,588 (low) – ₹2,027 (high) mint+3ET Now+3Investing.com+3.
- Market Cap: Est. ₹15.3 lakh crore (~$184 billion) MoneycontrolScreener.
- Valuation Metrics:
- P/E (TTM): ~21.7× Wikipedia+15Screener+15Groww+15
- P/B: ~2.9× ScreenerMoneycontrol
- Dividend Yield: ~1.1% Yahoo Finance+15Screener+15Groww+15
What’s Driving the Stock?
1. Q1 FY26 Results & Bonus/Dividend Boost
- Q1 standalone PAT jumped 12% YoY to ₹18,155 crore, with NII +5.4% and core NIM at 3.35% mint+15The Economic Times+15ET Now+15.
- Bank announced its first-ever 1:1 bonus share issue and a ₹5 interim dividend, record date July 25 The Economic Times+1The Economic Times+1.
- Investor sentiment buoyed by these shareholder-friendly measures—and the stock jumped ~2% early on Monday, touching ₹2,000 ET Now.
2. Analyst Outlook
- Macquarie – maintained Outperform, target ₹2,400 ET Now
- Goldman Sachs – Buy, target raised to ₹2,327 MarketWatch+3ET Now+3The Economic Times+3
- Nomura – Buy, target ₹2,190 ET Now
- Antique – Buy, target ₹2,270, citing improved RoA and operating leverage MarketWatch+9ET Now+9The Economic Times+9
- Jefferies – top pick; noted loan & deposit growth and stable margins mint+9NDTV Profit+9ET Now+9
✅ Should You Buy Today?
| Investor Type | Exchange Strategy |
|---|---|
| Short-Term Traders | The positive momentum and analyst targets suggest momentum trading is viable. Watch support near ₹1,960–1,980 and resistance at ₹2,027 (52‑week high). |
| Long-Term Investors | Strong Q1 fundamentals, bonus benefits, and stable margins make this a solid core holding. Accumulating on dips with a 12–18 month horizon seems prudent. |
❓ FAQs
Q1. Why is the stock near ₹2,000?
📈 It surged ~2% on Monday due to strong Q1 earnings and bonus/dividend announcements. Previous close was ₹1,957, intraday high touching ₹2,000 Stocktwits+1Groww+1GoogleWikipedia+4Wikipedia+4TradingView+4ET Now.
Q2. What are the key valuation ratios?
P/E ~21.7, P/B ~2.9, dividend yield ~1.1% — near long-term averages and above sector norms MoneycontrolScreener.
Q3. Why are analysts bullish?
Due to strong core metrics (loan/deposit growth), maintained margins, bonus shares, and improved RoA outlook The Economic Times.
Q4. How far can it run short term?
Analysts’ target range is ₹2,190–2,400—potential upside of 10–20% if momentum continues.
Q5. Any risks to note?
Watch for margin compression due to interest-rate changes, rising provisions, or market corrections that could tame near-term gains.
🧠 Final Take
HDFC Bank is exhibiting strong performance—backed by solid Q1 numbers, shareholder rewards (bonus + dividend), and robust analyst sentiment. At nearly ₹2,000, it remains attractive for both short-term and long-term portfolios, provided you’re comfortable with banking-sector exposure. Consider targeting dips near ₹1,960–1,980 or riding breakout momentum above ₹2,020 for entrants.
