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
BUYHDFCBANKAwaiting Entry
Entry—
Stop Loss—
Target₹1,980
Potential Return—
96 days active
Disclaimer: This is for educational purposes only. Not financial advice. Consult your SEBI-registered advisor before investing.