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HDFC Bank Shares Dip Ahead of Q1 Results
13 Jul
Summary
- HDFC Bank shares opened lower on July 13, 2026.
- The bank plans to raise Rs 60,000 crore via bond placements.
- Analysts recommend 'Buy' with high target prices.
Shares of HDFC Bank Limited saw a downturn on Monday, July 13, 2026, after a period of gains. This dip occurred days before the bank is scheduled to announce its first-quarter financial results for the fiscal year 2026-27 on Saturday, July 18, 2026.
Analysts anticipate HDFC Bank's net interest margins might remain stable sequentially, with a slight expected decline by quarter due to interest reversals. However, loan growth is projected to improve annually, driven by corporate, agri, and gold loan sectors, though mortgage growth may slow.
In a separate development, HDFC Bank's board has approved a substantial fundraising plan of Rs 60,000 crore. This capital will be raised through private placements of Additional Tier-1 bonds, Tier-II bonds, and long-term infrastructure bonds.
Looking ahead, financial analysts maintain a positive outlook. Mirae Asset Sharekhan has issued a 'Buy' rating with a long-term price target of Rs 1025, while Motilal Oswal also recommends 'Buy' with a target of Rs 1100 per share.
