HDFC Bank — Accumulate on Dips Below ₹1,620

HDFC Bank delivered strong NII growth of 11% YoY. Credit-deposit ratio is normalising which was the main bear case. At CMP of ₹1,610 the stock trades at 2.1x FY26 book — reasonable for a franchise of this quality. I would add in tranches: 40% now, 60% if it touches ₹1,560.

HDFCBANKEQUITYlow risk12–18 months

Target: ₹1,980

Disclaimer: This is for educational purposes only. Not financial advice. Consult your SEBI-registered advisor before investing.

3 comments

Comments (3)

Ananya Mehta6/16/2026

ICICI is slightly cheaper but HDFC has better asset quality. I'd prefer HDFC for long-term portfolios.

Rohan Retail6/16/2026

What about ICICI vs HDFC at these levels?

Meera Singh6/16/2026

HDFC Bank has been my favourite private bank for years. Good call.

Ananya Mehta

INA000000001 · 6/4/2026

bullish

HDFC Bank — Accumulate on Dips Below ₹1,620

HDFCBANKEQUITYlow risk12–18 months

Target: ₹1,980

Disclaimer: This is for educational purposes only. Not financial advice. Consult your SEBI-registered advisor before investing.

3 comments

Comments (3)

Ananya Mehta6/16/2026

ICICI is slightly cheaper but HDFC has better asset quality. I'd prefer HDFC for long-term portfolios.

Rohan Retail6/16/2026

What about ICICI vs HDFC at these levels?

Meera Singh6/16/2026

HDFC Bank has been my favourite private bank for years. Good call.