HDFC Bank 1:1 Bonus Countdown: Shares Fall 3% in 5 Days, But Brokerage See14% Upside; BUY Before 27 Aug?

HDFC Bank bonus shares are currently the talk of Dalal Street, as India's largest private sector bank has announced its first-ever 1:1 bonus share issue. On July 19th this year, the HDFC Bank board of directors approved the bonus share allotment, rewarding long-term investors. The HDFC Bank bonus share record date is August 27, meaning investors holding HDFC Bank shares in Demat accounts by this date will receive one additional share for every share held.

HDFC Bank 1:1 Bonus Details

This has reference to our intimation dated July 19, 2025, wherein the Board of Directors of HDFC Bank Limited ("Bank") had approved the issuance of bonus shares in the ratio of 1:1, i.e., 1 equity share for every 1 equity share held by the shareholders as on the record date, i.e., August 27, 2025 ("Record Date"), and also an increase in the Authorised Share Capital of the Bank and a consequential amendment to the Memorandum of Association, subject to applicable approvals, including from the Members of the Bank," said HDFC Bank in a stock exchange filing dated 3rd August.

HDFC Bank Share Price

HDFC Bank share price closed at Rs. 1,965.50, down by 1.29% on Friday, August 22. On the NSE and BSE, the stock has slipped about 2.88% in just five trading sessions. However, despite this short-term dip, HDFC Bank shares have gained nearly 17.20% over the last six months.

Share Price Target and Stock Analysis

Antique Stock Broking has a buy call on HDFC Bank with a target price of Rs. 2,270 (around 14% upside from the current Rs. 1,991).

The broker said, "HDFC Bank is replacing high-cost old borrowings with cheaper deposits and growing its low-cost CASA deposits faster than most banks. The bank adds about 2 million new accounts every quarter and is well-prepared for new deposit rules coming in 2026. Asset quality remains strong with secured MSME loans, while credit card growth focuses on safe borrowers. Housing loan growth is slower due to pricing and supply-demand issues, but rural growth from a good monsoon is expected to support demand. The bank also plans to improve margins and reduce costs over time."

HDFC Bank Q1 Earnings FY26

HDFC Bank reported a strong financial performance in the March to June quarter of FY26, with its net interest income (NII) rising 5.4% year-on-year to Rs. 31,438 crore DUE TO steady loan growth. The bank's net profit jumped 12.2% to Rs. 18,155 crore, largely because of a significant increase in other income, which more than doubled to over Rs. 20,000 crore from around Rs. 10,000 crore last year. On the asset quality front, gross NPA inched up slightly to 1.4% compared to 1.33% in the previous quarter, while net NPA rose marginally to 0.47% from 0.43%.

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