HDFC Bank shares surge 1.60% to ₹722 as Q2 results weekend nears

HDFC Bank shares experienced a 1.60% increase, reaching ₹722.10 on the National Stock Exchange (NSE) as the weekend for the quarterly results approached, on Thursday. The stock had opened at ₹715.00 and reached a peak of ₹725.75 during the trading session, while the lowest price reached was ₹710.70. Trading volume was notably high, with 202.96 lakh shares changing hands, nearly double the volume of the previous trading day, and the total traded value amounted to ₹1,461.09 crore.

Despite the price rise, selling pressure persisted, with 66.35% of the traded volume coming from sellers, compared to 33.65% from buyers. The market capitalisation increased to ₹11,13,376.91 crore, and the adjusted price-to-earnings (P/E) ratio stood at 13.68.

Over the past week, HDFC Bank shares had gained 4.31%, aligning with the broader Bank Nifty's weekly gain of 3.28%. The Bank Nifty opened near 55,446 on Thursday, with 55,600 serving as immediate resistance and 55,000 as near-term support. The Relative Strength Index (RSI) was nearing 50, indicating improving but unconfirmed momentum.

Year-to-date, HDFC Bank had experienced a 27.15% loss, falling short of its 52-week high of ₹1,020.50. Currently, the stock is trading approximately 41 rupees above its 52-week low of ₹681.90, which was recorded on September 11, 2026.

The quarterly results for HDFC Bank's second fiscal year (FY) 2027 (Q2FY27) are expected on Saturday, October 17. Market participants are closely examining factors such as net interest margins, credit costs, and management guidance related to the ongoing rate-tightening cycle.