NSE: HDFCBANK · 6 October 2026
- HDFC Bank shares traded higher on Tuesday, gaining 0.94% to close at ₹711.45 compared to its previous close of ₹704.80. The stock opened at ₹707.40 and moved within a day's range of ₹701.00 and ₹714.65.
- HDFC Bank released its provisional business statistics for the quarter ended September 30, 2026. Period-end gross advances reached approximately ₹32,195 billion, registering a year-on-year growth of about 16.30%. Period-end deposits rose by 18.80% year-on-year to approximately ₹33,275 billion, driven by growth in both CASA and time deposits.
- Trading volume was 0.84 times the 20-day average daily volume.
Why is Hdfc Bank share price rising on 6 October 2026?
HDFC Bank shares traded higher on Tuesday, gaining 0.94% to close at ₹711.45 compared to its previous close of ₹704.80. The stock opened at ₹707.40 and moved within a day's range of ₹701.00 and ₹714.65.
The broader market benchmark Nifty rose 0.98% during the session, showing a performance aligned with the index. Over the preceding five trading days, the stock had posted a return of -1.56%, while its 20-day return stood at 1.20%, indicating mild recovery following recent consolidation.
The recent price action coincides with several operational and corporate updates from the bank. Notably, HDFC Bank reported provisional business figures for the September 2026 quarter, showing period-end gross advances growing by approximately 16.30% year-on-year to ₹32,195 billion and period-end deposits increasing by 18.80% to ₹33,275 billion. Additionally, the bank announced the upcoming transition of its leadership, with the RBI approving the appointment of Anup Bagchi as Managing Director and CEO for a three-year term effective October 27, 2026, succeeding Sashidhar Jagdishan upon the completion of his tenure.
2.56 crore shares traded by 6 October 2026 · 03:10 PM IST. This compares with a 20-day average daily volume of 3.04 crore shares (0.84 times). The five-day average daily volume was 3.71 crore shares. Separately, the NSE report for 5 October 2026 showed 4.19 crore shares delivered, representing 63.50% of that day’s traded volume. The same report recorded 478,412 trades.
The 0.94% gain aligns with broader market momentum and recent operational updates from the bank showing steady advances and deposit expansion for the September 2026 quarter.
Latest Company Developments
HDFC Bank released its provisional business statistics for the quarter ended September 30, 2026. Period-end gross advances reached approximately ₹32,195 billion, registering a year-on-year growth of about 16.30%. Period-end deposits rose by 18.80% year-on-year to approximately ₹33,275 billion, driven by growth in both CASA and time deposits.
Provisional updates provide early visibility into the bank's credit growth trajectory and deposit mobilization ahead of financial results.
Following approval from the Reserve Bank of India, the board approved the appointment of Anup Bagchi as the Managing Director and Chief Executive Officer of the bank for a period of three years effective October 27, 2026. He will succeed Sashidhar Jagdishan, whose tenure concludes at the close of business hours on October 26, 2026.
Leadership succession marks a major milestone for the institution's strategic direction and executive continuity.
The bank announced that Sudhir Kumar Jha, Group Head for Legal and Group General Counsel, superannuated from service effective September 30, 2026, with Jigar Shah stepping into the role. Additionally, V.N. Srivatsan was appointed as the Chief Compliance Officer for a three-year term effective January 4, 2027, with Venkateswaran L holding interim responsibilities following Rakesh Kumar Rajput's tenure completion.
Management transitions across key legal and compliance functions ensure regulatory continuity and governance oversight.
intimation under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
HDFC Bank shares tumble after Q1 results: Should investors buy the dip or stay away?
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 30.62% on 30 June 2026. This compares with 29.54% on 31 March 2026, a change of +1.08 percentage points.
The filing reported 748 MF/UTI holders.
Research & Brokerage Views
Retained Outperform rating as shares recovered from 52-week lows, reflecting underlying franchise strength.
Maintained a positive stance, noting that bear case scenarios are largely factored into the prevailing market price.
Downgraded to Hold, suggesting the stock requires a meaningful reversal in growth and margins.
Maintained an Add rating while adjusting the target price to ₹800 based on valuation reviews.
Historical Bulk / Block Deals
What to Watch Next
- Upcoming financial results for the quarter ended September 30, 2026 scheduled for October 17, 2026.
- Execution of leadership transition as Anup Bagchi prepares to take charge as MD and CEO on October 27, 2026.
- Trends in deposit mobilization and credit growth relative to industry standards.
- Cash delivery participation and delivery volumes compared to the 63.50% recorded on October 5, 2026.
Other Dated Coverage
- Why HDFC Bank Shares Fell 2.27% Today: Price Action & Market Context | 5 October 2026 — 5 October 2026
- HDFC Bank in Focus After Management Change; What to Watch Today | 1 October 2026 — 1 October 2026
More Hdfc Bank news and dated analysis →
Frequently Asked Questions
What is the latest Hdfc Bank company news?
HDFC Bank released its provisional business statistics for the quarter ended September 30, 2026. Period-end gross advances reached approximately ₹32,195 billion, registering a year-on-year growth of about 16.30%. Period-end deposits rose by 18.80% year-on-year to approximately ₹33,275 billion, driven by growth in both CASA and time deposits.
How strong was Hdfc Bank’s trading volume?
2.56 crore shares traded, 0.84 times the 20-day average daily volume. The price and volume data are dated 6 October 2026 · 03:10 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 June 2026. Quarterly holdings do not identify purchases made on the article date.
Article by: WittyTrades Research Desk
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.