HDFC Bank Stock Update: Shares Gain 0.76% on Sector Optimism
HDFC Bank (HDFCBANK) share price is up +0.76% at ₹732.45 in live intraday trading, boosted by positive banking sector outlook and recent bond raise.
HDFC Bank (NSE: HDFCBANK) is currently trading with mild gains, seeing its share price at ₹732.45. The stock opened marginally lower at ₹732.50 against its previous close of ₹726.95, before hitting an intraday high of ₹734.40 and a low of ₹732.20. As of this intraday update, HDFC Bank is up +0.76%, indicating a steady but not surging volume of 1,015,266 shares traded. The move reflects cautious optimism in the early trading hours.
| HDFCBANK – Stock Updates as of (9:25AM, 24 Aug 2026) | |||
|
LTP
₹732.45 |
Open
₹732.50 |
High
₹734.40 |
Low
₹732.20 |
|
52W High
₹0.00 |
52W Low
₹0.00 |
Volume
1,015,266 |
% Chg
+0.76% |
HDFC Bank Shares Hover Near 52-Week Low
Today's trading action places HDFC Bank near the lower end of its 52-week trading range. The stock's 52-week high stands at ₹1,020.50, recorded on October 23, 2025, while its 52-week low is ₹715.10, touched just recently on August 19, 2026. The current price of ₹732.45 is only a few points above its annual low, suggesting that today's modest uptick is a crucial test of support levels after a period of downward pressure. Investors are closely watching to see if the stock can build on these gains and move away from its annual trough. Infosys Stock Update: Share Price Climbs 1.92% on Sector Gains, AI Deals.
HDFC Bank Gains After USD 1.75 Billion Twin Bond Sale
The positive sentiment surrounding HDFC Bank appears to be primarily driven by a combination of recent corporate actions and broader sector tailwinds. Just days ago, HDFC Bank successfully raised a significant $1.75 billion through a twin bond sale to overseas investors via its GIFT City branch. This marked the largest debt capital market fundraise from an Indian financial institution since the global financial crisis, signaling strong international investor confidence in the bank's long-term prospects and its ability to manage its dollar liquidity needs.
Adding to the positive mood, Goldman Sachs recently initiated coverage on 14 Indian banks, projecting a cyclical recovery in earnings across the sector. The brokerage firm expects private sector banks, including HDFC Bank, to outperform their public sector counterparts over the next two years, driven by anticipated loan growth and enhanced liquidity. While ICICI Bank and Kotak Mahindra Bank were highlighted as top picks, the overall bullish outlook for the private banking space is providing a supportive backdrop for HDFC Bank. Furthermore, numerous analysts maintain a "Strong Buy" consensus rating on HDFC Bank, with an average 12-month price target of ₹1,021.20, indicating substantial upside potential from its current levels.
For the remainder of the session, traders will be monitoring HDFC Bank's ability to hold above its intraday low and potentially test higher resistance levels. Any further positive news flow related to the banking sector or specific institutional updates could provide additional momentum. Tata Consultancy Services Stock Update: Shares Edge Up on New AI Platform Launch.
Disclaimer: The information provided in this article is based on news reports and is not intended as investment advice. Investing in stocks involves risk. LatestLY advises its readers to consult with a financial advisor before making any investment decisions.
(The above story first appeared on LatestLY on Aug 24, 2026 09:23 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).