HDFC Bank Share Price Rises On Heavy Volume Ahead Q1 Results

HDFC Bank share price gained about 1.2% on Friday, trading around ₹817, ₹819 on the NSE and touching an intraday high of ₹819.80 on the BSE, as investors built positions ahead of the lender’s Q1 FY27 results due on Saturday.

Brokerage expectations of mid single digit profit growth, near 9% net interest income expansion and stable asset quality supported sentiment, while strong intraday trading volumes showed active positioning in HDFC Bank shares.

HDFC Bank Share Price Movement

Stock Performance

Metric	Value
Previous close (17 Jul 2026)	₹815.45
Last traded price (intraday)	₹817.55
Intraday range	₹814.8, ₹819.80
Day change	+1.12% to +1.23%
One-week return	-1.13%
One-month return	+2.98%
Six-month return	-12.31%
One-year return	-17%
Five-year return	+7.59%

• Last traded price was around ₹817.55, up roughly 1.1% intraday.
• Stock briefly crossed ₹819.80 on the BSE, its day’s reported high.
• Over six months, HDFC Bank shares have declined about 12, 13%.
• One-year performance is weaker, with a slide of roughly 17%.
• Short-term trend has improved, with a 2.98% gain over the past month.

Trading Volume And Technical Signals

Volume And Valuation

Metric	Value
Intraday volume (latest update)	5,959,111 shares
Previous day volume	21,488,739 shares
Recent high daily volume	18,698,107 shares
Average weekly volume	26,464,690 shares
Market capitalisation	₹12,61,907.77 crore
Price to earnings ratio	16.6
Earnings per share	₹49.36
Six-month beta	0.8861

• Intraday volume exceeded 5.9 million shares by late morning on Friday.
• Previous sessions saw volumes above 18, 21 million shares, indicating active trading.
• Weekly average volume stands near 26.5 million shares, showing sustained liquidity.
• Market capitalisation is around ₹12.6 lakh crore, showing HDFC Bank’s large-cap status.
• The stock trades at a trailing P/E of 16.6 times, based on EPS of ₹49.36.
• Six-month beta of 0.8861 suggests slightly lower volatility than the broader market.

Technical Snapshot

Indicator	Value
Current price (key technical update)	₹814.8
100-day EMA	₹814.78
Short-term EMA (EMA3)	₹813.31

• The share price recently moved marginally above its 100-day EMA at ₹814.78.
• Short-term EMA3 at ₹813.31 sits below the current price, indicating near-term upward bias.
• Crossing the 100-day EMA is often watched as a technical support and sentiment marker.

Why The Stock Moved

Earnings Expectations Driving HDFC Bank Share Price

Item	Street Expectation
Q1 FY27 net interest income	~₹34,100, ₹34,353 crore
YoY NII growth	~8.5, 9.2%
QoQ NII growth	~3.8, 4%
Net profit (PAT)	~₹19,230, ₹19,796 crore
YoY PAT growth	~5.9, 9%
QoQ PAT growth	~1, 3%
PPOP	~₹28,582, ₹28,863 crore
YoY PPOP change	-19, 20%
QoQ PPOP change	+3, 4%

• Analysts expect NII growth of around 8.5, 9.2% year-on-year to over ₹34,000 crore.
• Consensus PAT estimates cluster near ₹19,300, ₹19,800 crore, implying mid single digit growth.
• Pre-provision operating profit is forecast to decline about 19, 20% year-on-year.
• Sequentially, PPOP is expected to rise 3, 4%.
• Expectations of stable asset quality and contained credit costs support sentiment.

Financial And Asset Quality Expectations

Margin And Loan Growth Outlook

Metric	Street View
Net interest margin (NIM) trend	Stable to marginal decline
Expected NIM compression	~2, 5 basis points QoQ
Loan growth YoY	~14.5% (selected estimate)
Loan growth QoQ	~2.4% (selected estimate)
Key growth drivers	Corporate, business banking, agriculture, gold loans
Mortgage loan growth	Expected subdued

• NIMs are expected to be broadly stable, with a modest 2, 5 basis point sequential decline.
• Loan growth is projected in mid-teens year-on-year, led by corporate and business banking.
• Agriculture and gold loans are seen supporting overall advances growth.
• Mortgage loans may grow slower, moderating retail mix expansion.
• Gradual rundown of high-cost borrowings is supportive but offset by lower-yield corporate growth.

Asset Quality And Provisions

Metric	Value / Expectation
Previous GNPA ratio	1.15%
Previous NNPA ratio	0.38%
Expected credit cost	~45, 50 basis points
Estimated provisions (selected views)	~₹2,985, ₹3,044 crore
YoY change in provisions	Down ~78, 79%
QoQ change in provisions	Up ~14, 16%

• Street expects asset quality to remain “best-in-class” with low GNPA and NNPA levels.
• Credit costs are projected around 45, 50 basis points.
• Provisions are expected to be sharply lower year-on-year due to a high base last year.
• Sequentially, provisions may rise mid-teens, reflecting seasonal slippages.
• Stable asset quality expectations have helped support HDFC Bank share price ahead of results.

Management And Operating Trends Under Watch

Operating Income Mix

Metric	Street View
Non-interest income YoY	Expected decline ~39, 41%
Non-interest income QoQ	Flat to low single digit decline
PPOP YoY	Decline ~19, 20%
PPOP QoQ	Growth ~3, 4%

• Non-interest income is expected to fall sharply year-on-year due to a high base.
• Last year’s gains from HDB Financial Services stake sale inflated Q1 FY26 other income.
• Fee income growth may lag loan growth because of seasonality in retail and payments.
• Operating expenses are expected to grow slower than the balance sheet.
• These trends will shape how investors interpret operating leverage in Q1 FY27.

Business Context For HDFC Bank

Share Performance History

Period	Return
1 day (current session)	+0.8% to +1.2%
1 week	-1.13%
1 month	+2.98%
6 months	-12% to -12.31%
1 year	-17%
5 years	+7.59%

• Despite Friday’s gain, the stock remains down double digits over six and twelve months.
• The modest five-year return of 7.59% reflects a period of consolidation.
• Recent uptick over the past month suggests cautious accumulation ahead of catalysts.
• The Q1 FY27 print is seen as important for sentiment after a weak price phase.

What Investors Are Watching Next

Key Event

Item	Details
Event	Q1 FY27 earnings announcement
Date	Saturday, 18 July 2026
Focus areas	NIM trajectory, loan growth mix, asset quality, non-interest income

• The immediate catalyst for HDFC Bank share price is Saturday’s Q1 FY27 results.
• Investors will scrutinise NIM trends against expectations of slight compression.
• Loan growth composition between corporate and retail segments will be closely tracked.
• Asset quality metrics and credit costs will be watched for any early stress signals.
• Commentary on deposit pricing and liability strategy could shape medium-term valuation.

Frequently Asked Questions

Why did HDFC Bank share price rise today?

HDFC Bank share price rose about 1.1, 1.2 percent on Friday as traders positioned ahead of the bank’s Q1 FY27 results due on Saturday. Street expectations of around 9 percent growth in net interest income, mid single digit profit expansion and stable asset quality supported sentiment. The stock also moved slightly above its 100-day exponential moving average, a technical level closely watched by market participants.

What are analysts expecting from HDFC Bank’s Q1 FY27 results?

Analysts expect HDFC Bank’s Q1 FY27 net interest income to rise roughly 8.5, 9.2 percent year-on-year to over ₹34,000 crore, with net profit estimated around ₹19,300, ₹19,800 crore, implying mid single digit growth. Net interest margins are forecast to be broadly stable with a small sequential decline, while loan growth is seen in mid-teens, led by corporate, business banking, agriculture and gold loans, and asset quality is expected to remain strong.

How has HDFC Bank share price performed over the past year?

Despite Friday’s gain, HDFC Bank shares are down about 12, 13 percent over the past six months and roughly 17 percent over the last year, according to exchange-linked data. The stock has delivered a positive one-month return of about 3 percent, but its five-year return is a modest 7.59 percent, reflecting a period of subdued share performance. This backdrop makes the upcoming Q1 FY27 results an important sentiment driver for investors.