Mumbai, June 16, 2026, 20:36 IST
- HDFC Bank ended the session 0.98% higher at ₹784.90, outpacing a firm Indian market.
- Lower oil prices boosted risk appetite and helped the rally. Still, the stock remains down a lot in 2026.
- Attention turns to the June-quarter update. Investors are watching deposit growth, loan growth and net interest margin.
HDFC Bank Limited closed 0.98% up at ₹784.90 on Tuesday as India’s main indexes gained. The stock had ended at ₹777.35 on Monday, according to the The Economic Times live stock page. Shares remain well below the 52-week high of ₹1,020.50. The 52-week low stands at ₹726.65. The Economic Times
Stocks in India pushed higher after the early U.S.-Iran peace deal cut oil prices and helped risk appetite. The Nifty 50 added 0.57% to finish at 23,989.15, and BSE Sensex climbed 0.71% to 76,808.48, Reuters said. HDFC Bank and Reliance Industries drove most of the gains in the benchmarks. Vinit Bolinjkar, head of research at Ventura Securities, said lower crude oil “augurs well for domestic markets,” easing the strain on Indian banks from inflation and the current account. Reuters
HDFC Bank is back in focus after The Economic Times reported law firms hired by the bank saw “no merit” in complaints filed by former chairman Atanu Chakraborty, citing sources. The report said their findings are expected to reach the audit committee. HDFC Bank didn’t respond. The news might clear up some governance clouds, but this isn’t a boost for earnings. The Economic Times
Growth quality is still the main issue for investors since the HDFC Ltd merger. In Q4 FY26, HDFC Bank reported average deposits of ₹28.511 trillion, up 12.8% year-on-year. Average advances stood at ₹29.644 trillion, a 10% rise. Profit after tax hit ₹192 billion. Net interest margin was 3.38%. Gross non-performing assets came in at 1.15%. NIM measures the difference between income from lending and funding costs, while gross NPA is the share of loans that are stressed before provisions. Reuters noted after the April numbers that HDFC Bank’s NIM hasn’t returned to the 4% level it had before the 2023 merger, so margin recovery is still on the radar for investors waiting for a stock rerating. Reuters
HDFC Bank bulls say the story’s straightforward. It’s India’s top private bank, asset quality looks steady, capital adequacy is at 19.7%. After a rough year, the stock isn’t expensive. The Economic Times shows a trailing P/E of 15.89. That P/E measures the price against earnings. There are risks too. Shares are still down for 2026, with margins softer since the merger. Some investors wonder if deposit growth can deliver without lifting funding costs. The Economic Times
HDFC Bank shares are still not cheap, though some long-term investors may spot value if they think deposits, margins and asset quality will pick up by FY27. Short-term trading remains dicey following a recent rally that lifted the stock in line with the broader market. Traders are now eyeing the June-quarter numbers and Q1 FY27 results. The main focus will be on deposit growth, loan growth, NIM and bad loans. The ₹13 dividend has a record date of June 19, which could push some trading ahead of that, but this doesn’t address core profitability. The Economic Times
