HDFC Bank Limited (HDB) Stock Price & Analysis
HDFC Bank Limited (HDB) closed at USD 22.44 on Thursday, October 22, 2026, down 1.01% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 22.67; the Oct 22, 2026 session ranged USD 22.28–22.6 on volume of 9,912,580 shares. Market capitalization is $115.33B, with a 52-week range of USD 21.71–37.35 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 12:06 UTC.
Also available as compact Markdown for AI agents: nexqual.com/HDB.md
Key facts (HDB)
- 5 of 80 tracked superinvestors hold HDB (13F, Q2 2026): 0 new, 2 added, 1 reduced, 2 unchanged.
- Insider open-market sales, last ~7 months: 3 Form 4 filings, $190K; 3 not under a Rule 10b5-1 plan ($190K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (4 analysts), mean target USD 30.3 (range 26.2–33).
- Total return with dividends: 1Y -38.5% vs S&P 500 +14.9%; 5Y -38.1% vs S&P 500 +80.3%.
- Next earnings: 2027-01-16, EPS estimate USD 0.41, revenue estimate $495B.
Superinvestors (SEC 13F-HR, Q2 2026) (HDB)
5 of 80 tracked investors hold HDB. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Richard Pzena | Pzena Investment Management | 0.12% | $41.7M | Added +6.2% |
| Sarah Ketterer | Causeway Capital Management | 0.11% | $10.2M | Reduced -0.8% |
| Dodge & Cox Funds | Dodge & Cox | 0.09% | $173M | Added +17.4% |
| Mason Hawkins | Southeastern Asset Management | 0.01% | $270K | Unchanged |
| John Rogers | Ariel Investments | <0.01% | $363K | Unchanged |
Insider sales (SEC Form 4, open-market, last ~7 months) (HDB)
0 of 3 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-05-07 | Srinivasan N | Group Head - Operations | 10,000 | $87K | 1.5% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-04-28 | Parthasarthy Ashish | Group Head - Treasury | 5,600 | $49K | 0.7% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-04-21 | Parthasarthy Ashish | Group Head - Treasury | 6,000 | $54K | 0.7% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (HDB)
Consensus Buy (mean 2.00 on a 1–5 scale), 4 analysts; mean target USD 30.3 (low 26.2, high 33).
Total return (dividends reinvested) (HDB)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -38.5% | -38.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -38.6% | -9.1% |
| Volatility (annualized) | 30.0% | 27.3% |
| Max drawdown | -41.2% (Nov 2025→Sep 2026) | -42.0% (Jul 2025→Oct 2026) |
HDB suppliers, customers and competitors (named in its 20-F)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | India International Bullion Exchange IFSC | “We are also registered as a Trading cum Clearing member of IIBX and support qualified jewelers and suppliers for the facilitation of trade and clearing on IIBX.” |
| Customer | India | “Our goal is to be the preferred provider of financial services to our customers in India across metro, urban, semi-urban and rural markets.” |
| Customer | Adobe (ADBE) | “We offer these services to customers through multiple distribution channels: internet banking, mobile banking, phone banking, Sprinkler, Mycards and Adobe.” |
| Customer | HDFC Bank and HDFC | “See "Management's Discussion and Analysis of Financial Condition and Results of Operations—Introduction—Certain Factors and Trends Affecting Our Results of Operations." Although both HDFC Bank and HDFC Limited made detailed assessments of the potential impacts of the Transaction in order to properly manage the process, obtain all the necessary regulatory authorizations, minimize impacts on operations and ensure co…” |
| Partner | Kopvoorn | “Following receipt of regulatory approval in February 2024, as directed by the RBI in connection with the Transaction, we divested a portion of the share capital of HDFC Credila to Kopvoorn B.V., Moss Investments Limited, Defati Investments Holding B.V. and Infinity Partners and reduced our holding to 9.99 percent during fiscal year 2024.” |
| Partner | Moss Investments | “Following receipt of regulatory approval in February 2024, as directed by the RBI in connection with the Transaction, we divested a portion of the share capital of HDFC Credila to Kopvoorn B.V., Moss Investments Limited, Defati Investments Holding B.V. and Infinity Partners and reduced our holding to 9.99 percent during fiscal year 2024.” |
| Partner | Defati Investments Holding | “Following receipt of regulatory approval in February 2024, as directed by the RBI in connection with the Transaction, we divested a portion of the share capital of HDFC Credila to Kopvoorn B.V., Moss Investments Limited, Defati Investments Holding B.V. and Infinity Partners and reduced our holding to 9.99 percent during fiscal year 2024.” |
Quoted from the company's 20-F filed Jul 29, 2026.
HDB analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $0.41 | $0.40 | +3.8% | $495.46B | 1 |
| Next quarter (ends Mar 2027) | $0.45 | $0.42 | +7.1% | $516.16B | 1 |
| Current fiscal year (ends Mar 2027) | $1.23 | $1.59 | -22.5% | $1.99T | 2 |
| Next fiscal year (ends Mar 2028) | $1.38 | $1.43 | -3.1% | $3.00T | 2 |
HDB options: expected move
Options price a move of about ±20.5% (±$4.60) by Apr 16, 2027, which includes earnings on Jan 16, 2027; the earnings reaction alone is priced at about ±11.3%.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 30.5% | ±6.9% |
| Dec 18, 2026 | 56 | 36.1% | ±11.6% |
| Jan 15, 2027 | 84 | 30.6% | ±11.8% |
| Apr 16, 2027 | 175 | 36.7% | ±20.5% |
30-day implied volatility 28.9% vs 34.2% realized over the last 30 trading days. Put/call ratio (volume) 1. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 12:06 UTC)
| Price | USD 22.44 |
|---|---|
| Change | ▼ 1.01% (down) |
| Previous Close | USD 22.67 |
| Open | USD 22.28 |
| Day Range | USD 22.28 – 22.6 |
| 52-Week Range | USD 21.71 – 37.35 |
| Volume | 9,912,580 shares |
| Market Cap | $115.33B |
| Exchange | NYQ |
Technical Analysis (HDB)
Nexqual's technical model rates HDB "SELL" based on 1 bullish and 4 bearish signals across 127 daily candles, as of October 23, 2026 at 12:06 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 45.91 (neutral) |
| vs SMA50 | Below (USD 22.87) |
| MACD | 0 (positive) |
Analyst Ratings (HDB)
Wall Street analysts rate HDB "Buy" based on 4 analysts, with a mean price target of USD 30.3 (range USD 26.2–33), per Nexqual as of October 23, 2026 at 12:06 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 4 |
| Mean Target | USD 30.3 |
| High Target | USD 33 |
| Low Target | USD 26.2 |
| Buy / Hold / Sell | 3 / 1 / 0 |
Earnings (HDB)
| Next Earnings Date | 2027-01-16 |
|---|---|
| EPS Estimate | USD 0.41 |
| Revenue Estimate | $495.46B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD 0.4 vs est 0.39 ▲ beat |
| 2026-06-30 | USD 0.38 vs est 0.39 ▼ miss |
| 2026-03-31 | USD 0.4 vs est 0.39 ▲ beat |
| 2025-12-31 | USD 0.4 vs est 0.39 ▲ beat |
Source: Nexqual, October 23, 2026 at 12:06 UTC.
Financials & Fundamentals (HDB)
| Total Revenue | $3.02T |
|---|---|
| Revenue Growth (latest quarter, YoY) | +80.80% |
| Gross Margin | +0.00% |
| Operating Margin | +38.48% |
| Profit Margin | +26.53% |
| ROE | +11.00% |
| Total Cash | $2.64T |
| Total Debt | $5.94T |
Source: Nexqual, October 23, 2026 at 12:06 UTC.
Financial Health Score (HDB)
Nexqual rates HDFC Bank Limited's overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 12:06 UTC.
| Growth | Critical — Revenue -33% YoY (annual), sharp decline |
|---|---|
| Profitability | Strong — Net margin 40% (last 12 months); banks have no gross margin |
| Balance Sheet | N/A — Not comparable for banks: deposits and customer funds sit on the balance sheet, so cash vs debt does not measure safety (SEC industry: Commercial Banks, NEC) |
| Cash Flow | N/A — Not meaningful for banks and lenders: lending and trading move operating cash flow by billions each year (SEC industry: Commercial Banks, NEC) |
| Efficiency | Mixed — ROE 11%, ROA 1.7% |
Ownership (HDB)
| Insider Ownership | +0.00% |
|---|---|
| Institutional Ownership | +13.78% |
| Shares Outstanding | 5.14B |
| Float | 25.59B |
| Short % of Float | +0.72% |
Source: Nexqual, October 23, 2026 at 12:06 UTC.
Leadership (HDB)
HDFC Bank Limited is led by Sashidhar Jagdishan, MD, CEO & Director, per Nexqual as of October 23, 2026 at 12:06 UTC.
| MD, CEO & Director | Sashidhar Jagdishan |
|---|---|
| Deputy MD & Director | Kaizad Maneck Bharucha |
| Executive Whole-Time Director | Vedanthachari Srinivasa Rangan |
| Chief Financial Officer | Srinivasan Vaidyanathan |
Major Backers & Investors (HDB)
Notable institutional backers of HDFC Bank Limited include Morgan Stanley, Royal Bank of Canada, Schroder Investment Management Group, according to Nexqual as of October 23, 2026 at 12:06 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Morgan Stanley | 1.04% |
| Royal Bank of Canada | 0.84% |
| Schroder Investment Management Group | 0.42% |
| JPMorgan | 0.37% |
| Bank of America Corporation | 0.34% |
| FIL LTD | 0.33% |
| Robeco Institutional Asset Management B.V. | 0.32% |
| Temasek Holdings (Private) Ltd | 0.3% |
Source: Nexqual, October 23, 2026 at 12:06 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| MFG | Mizuho Financial Group, Inc. Sp | USD 9.71 | ▼ 3% |
| IBN | ICICI Bank Limited | USD 29.94 | ▲ 1.35% |
| ITUB | Itau Unibanco Banco Holding SA | USD 9.49 | ▼ 2.16% |
| USB | U.S. Bancorp | USD 60.02 | ▲ 1.64% |
| PNC | PNC Financial Services Group, I | USD 225.53 | ▲ 1.18% |
| LYG | Lloyds Banking Group Plc | USD 5.38 | ▼ 2% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 12:06 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt