HDFC Bank Stock Update: Shares Jump 2% on Strong Q1 Business Update

HDFC Bank's stock is experiencing a robust uptick in early intraday trade, currently trading at ₹817.60, marking a significant gain of +2.07% over its previous close of ₹801.05. The private sector lender opened the session at ₹805.00, immediately showing strength, and has since climbed to an intraday high of ₹817.85, matching its current trading price, with the day's low at ₹805.00. Volume on the counter is notably surging, with 8,159,506 shares traded so far, indicating strong buying interest propelling the upward movement.

HDFC Bank Stages Comeback

While specific 52-week high and low data are currently unavailable, today's move is pushing HDFC Bank shares past crucial psychological levels. The stock closed above the ₹800 mark on Friday, and analysts have flagged that sustaining above this level could pave the way towards ₹820. This rebound comes after a challenging period, with the stock having delivered a negative return of over 18% in the last six months as of early July 2026. The current upward trajectory suggests a potential reversal in investor sentiment, as the stock attempts to reclaim higher ground. Reliance Industries Stock Update: Share Price Dips Marginally.

Strong Q1 Update Boosts HDFC Bank

The primary catalyst driving HDFC Bank's current performance is its strong business update for the first quarter of fiscal year 2027, released on July 5, 2026. India's largest private sector lender reported a 15.4% year-on-year increase in gross advances, which stood at ₹30.61 lakh crore as of June 30, 2026. Concurrently, the bank's period-end deposits grew by 14.7% year-on-year to approximately ₹31.7 lakh crore. Furthermore, Current Account Savings Account (CASA) deposits also showed healthy growth, rising 9.4% to ₹10.25 lakh crore during the same period. These robust figures highlight sustained operational strength and healthy credit growth, placing the bank in the spotlight for investors today.

Adding to the positive sentiment, Univest analysts have identified HDFC Bank as a "stock to buy today," projecting a target of ₹820 if the stock maintains its position above ₹800. Beyond the immediate numbers, recent leadership changes have also contributed to a more positive outlook. The appointment of former Finance Secretary Rajiv Kumar as a part-time chairman and Puneet Sharma as the CFO designate is seen as a "leadership reset" that could help restore investor confidence. This move is perceived to address previous concerns and refocus attention on the bank's operational strengths. The broader Indian banking sector is also experiencing tailwinds, with industrial credit emerging as a significant growth driver amid government efforts to boost manufacturing, and foreign portfolio investors (FPIs) showing renewed interest in Indian equities, particularly banking stocks. Tata Consultancy Services Stock Update: Shares Slip on Muted IT Sector Outlook.

HDFC Bank Awaits Q1 Results

For the remainder of the session, traders and investors will be closely watching if HDFC Bank can sustain its momentum above the immediate resistance level around ₹814.52. The next major event on the horizon for HDFC Bank is its Q1 FY27 earnings declaration, slated for July 18, 2026, which will provide further detailed insights into its financial performance.

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 Jul 06, 2026 09:35 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).