The sudden “drop” in HDFC Bank share price has surprised many investors. But here’s the truth: this is simply a technical adjustment after the 1:1 bonus issue. Your wealth is intact, and the bank’s fundamentals remain strong.
📌 HDFC Bank Bonus Issue Explained
- Bonus Ratio: 1:1 (1 extra share for every share held)
- Ex-Bonus Date: August 26, 2025
- Price Adjustment: From ~₹1,940 to ~₹970–980
- Market Cap: Unchanged at ₹14.88 lakh crore
- Impact: Investors now hold double the shares, total value unchanged
👉 The sharp fall is arithmetic, not a signal of financial stress.
💹 HDFC Bank Fundamentals 2025
- Q1 FY26 Net Profit: ₹13,120 crore (+12.2% YoY)
- Loan Growth: 14.8% YoY
- Deposits: +15% YoY, strong CASA
- Asset Quality: GNPA at 1.22%, NNPA at 0.30%
- NIM (Net Interest Margin): ~3.6%
✅ Bottom line: Growth is steady, profitability strong, risks well-contained.
🎯 Expert View & Share Price Target
- Jefferies: Target ₹2,279.85 (pre-bonus adjusted)
- CLSA: Target ₹2,300; cites resilient margins & credit growth
- Domestic Analysts: Fair value ~₹1,950–2,000
📊 With the current adjusted price at ~₹970, most experts see strong upside potential.
⚖️ HDFC Bank vs ICICI Bank
| Metric (Q1 FY26) | HDFC Bank | ICICI Bank |
|---|---|---|
| Advances Growth | 14.8% | 16.5% |
| NIM (%) | 3.6 | 4.0 |
| GNPA (%) | 1.22 | 2.03 |
| Net Profit (₹Cr) | 13,120 | 10,452 |
👉 ICICI leads on NIMs, but HDFC holds stronger asset quality and stability.
💡 Pro Tip
Don’t panic on post-bonus price drops. Focus on fundamentals—HDFC Bank remains India’s strongest private lender with stable growth.
🚀 Final Call: Buy or Hold?
The adjusted HDFC Bank share price is no reason to worry. With double-digit earnings growth, robust asset quality, and bullish analyst targets, the stock remains a compelling buy for long-term investors.
👉 If stability + growth fit your portfolio, HDFC Bank deserves a place on your radar.
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