−29% from the high · +5.8% from the low
Short covering into a 26-day expiry: futures OI −1.3% on a +1.8% day, the most call OI sits at 750, the most put OI at 720, max pain 730.
HDFCBANK futures closed at ₹723.00, +0.3% to spot, with 93% of open interest in the 27 Oct contract, and the 720 straddle prices a move of about ±5.2% by expiry.
| Expiry | Close ₹ | Basis ₹ · % | Annualised % | OI lots · on the day | Share of OI % | Contracts traded |
|---|---|---|---|---|---|---|
| 27 Oct26 days | ₹723.00 | +1.80+0.3% | +3.5% | 5.6 L▼ −1.4% · −8,100 lots | 93 | 43,000 |
| 23 Nov53 days | ₹726.60 | +5.40+0.8% | +5.2% | 40,0000.0% · −7.0 lots | 6.7 | 2,200 |
| 29 Dec89 days | ₹731.20 | +10.00+1.4% | +5.7% | 1,100▲ +59.0% · +420 lots | 0.19 | 610 |
6.8% of futures OI sits beyond the 27 Oct contract · 49 of 52 listed contracts traded · 3.0 L option contracts changed hands
The 720 straddle closed at ₹37.60 (call 20.30 + put 17.30), pricing a move of about ±5.2% by the 27 Oct expiry. In the last 253 windows of 19 sessions, HDFCBANK moved more than that 86 times.
After the last 8 bulletins, HDFCBANK closed higher five sessions later in 0 of 3.
| Bulletin | Day of the news | 1 session later | 5 sessions later | Futures OI on the day |
|---|---|---|---|---|
| 29 SeptNIFTY50 faces 6% slump amid global pressures | ▼ −1.9%Nifty −0.4% · −1.5 pp | ▼ −0.2%Nifty −1.3% · +1.1 pp | —not reached | ▲ +0.8%short build-up |
| 29 SeptHDFC Bank shares dip ahead of Q2 results | ▼ −1.9%Nifty −0.4% · −1.5 pp | ▼ −0.2%Nifty −1.3% · +1.1 pp | —not reached | ▲ +0.8%short build-up |
| 28 SeptSENSEX and NIFTY50 decline on broad-based selling pressure | ▲ +0.5%Nifty −0.3% · +0.8 pp | ▼ −1.4%Nifty −0.7% · −0.7 pp | —not reached | ▲ +3.8%long build-up |
| 28 SeptSensex declines to lowest level in five months | ▲ +0.5%Nifty −0.3% · +0.8 pp | ▼ −1.4%Nifty −0.7% · −0.7 pp | —not reached | ▲ +3.8%long build-up |
| 24 SeptHDFC Bank shares down 26% YTD ahead of Q2 results | ▲ +0.9%Nifty +0.3% · +0.6 pp | ▼ −1.4%Nifty −1.2% · −0.1 pp | —not reached | ▲ +0.5%long build-up |
| 24 SeptHDFC Bank shares rise on UBS buy call ahead of Q2 results | ▼ −1.1%Nifty −1.6% · +0.5 pp | ▼ −0.2%Nifty −1.3% · +1.1 pp | ▼ −2.2%Nifty −4.4% · +2.2 pp | ▲ +0.2%short build-up |
| 23 SeptStock markets rebound amid easing crude oil prices | ▼ −1.1%Nifty −1.6% · +0.5 pp | ▼ −0.2%Nifty −1.3% · +1.1 pp | ▼ −2.2%Nifty −4.4% · +2.2 pp | ▲ +0.2%short build-up |
| 23 SeptHDFC Bank shares rise on UBS Buy call ahead of Q2 results | ▼ −1.1%Nifty −1.6% · +0.5 pp | ▼ −0.2%Nifty −1.3% · +1.1 pp | ▼ −2.2%Nifty −4.4% · +2.2 pp | ▲ +0.2%short build-up |
Revenue ₹90,575 cr, +3.7% on a year earlier; profit ₹20,383 cr, +19% in the Jun 2026 quarter, consolidated.
| Quarter | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ | Market on the day |
|---|---|---|---|---|---|---|
| Jun 2026filed 18 Jul | ₹90,575 cr | ▲ +3.7% | ₹20,383 cr | ▲ +19% | 12.47 | ▼ −5.1%Nifty −0.4% · −4.7 pp |
| Mar 2026filed 18 Apr · audited | ₹87,183 cr | ▲ +0.46% | ₹20,351 cr | ▲ +8.1% | 13.18 | ▼ −0.6%Nifty +0.1% · −0.6 pp |
| Dec 2025filed 17 Jan | ₹87,067 cr | ▲ +2.4% | ₹20,691 cr | ▲ +13% | 12.82 | ▼ −0.3%Nifty −0.4% · +0.1 pp |
| Sept 2025filed 18 Oct | ₹86,994 cr | ▲ +4.8% | ₹19,611 cr | ▲ +10% | 12.71 | 0.0%Nifty +0.5% · −0.5 pp |
| Jun 2025filed 19 Jul | ₹87,372 cr | ▲ +7.1% | ₹17,090 cr | ▼ −0.57% | 21.12 | ▲ +2.2%Nifty +0.5% · +1.7 pp |
| Mar 2025filed 19 Apr · audited | ₹86,779 cr | ▲ +9.3% | ₹18,835 cr | ▲ +6.9% | 24.52 | ▲ +1.1%Nifty +1.1% · −0.1 pp |
| Dec 2024filed 23 Jan | ₹85,040 cr | ▲ +9.0% | ₹18,340 cr | ▲ +3.5% | 23.00 | ▼ −0.1%Nifty +0.2% · −0.3 pp |
| Sept 2024filed 20 Oct | ₹83,002 cr | — | ₹17,826 cr | — | 23.29 | ▲ +2.8%Nifty −0.3% · +3.1 pp |
| Year | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ |
|---|---|---|---|---|---|
| FY26to Mar 2026 | ₹3,48,615 cr | ▲ +3.6% | ₹77,743 cr | ▲ +7.7% | 59.83 |
| FY25to Mar 2025 | ₹3,36,367 cr | — | ₹72,189 cr | — | 92.40 |
HDFCBANK trades at 14 times trailing earnings against 16 for its industry, revenue +2.8% over twelve months, a 3.6% dividend yield, market cap ₹11,00,000 cr.
| Stock | Market cap ₹ | P/E | P/B | Close ₹ |
|---|---|---|---|---|
| HDFCBANKHDFC Bank Limited | 11,00,000 cron 1 Oct | 14consolidated | — | ₹721.20 |
| ICICIBANKICICI Bank Limited | 9,40,000 cron 1 Oct | 17consolidated | — | ₹1,310.60 |
| KOTAKBANKKotak Mahindra Bank Limited | 4,20,000 cron 1 Oct | 11consolidated | — | ₹418.35 |
| AXISBANKAxis Bank Limited | 3,80,000 cron 1 Oct | 14consolidated | — | ₹1,217.10 |
| IDBIIDBI Bank Limited | 93,000 cron 1 Oct | — | — | ₹86.55 |
| FEDERALBNKThe Federal Bank Limited | 79,000 cron 1 Oct | 17consolidated | — | ₹318.20 |
| IDFCFIRSTBIDFC First Bank Limited | 69,000 cron 1 Oct | 31consolidated | — | ₹80.40 |
| INDUSINDBKIndusInd Bank Limited | 69,000 cron 1 Oct | 52consolidated | — | ₹886.85 |
| YESBANKYes Bank Limited | 65,000 cron 1 Oct | 17consolidated | — | ₹20.75 |
| RBLBANKRBL Bank Limited | 64,000 cron 1 Oct | 30consolidated | — | ₹411.40 |
| KARURVYSYAKarur Vysya Bank Limited | 31,000 cron 1 Oct | — | — | ₹325.30 |
| BANDHANBNKBandhan Bank Limited | 28,000 cron 1 Oct | 21standalone | — | ₹176.00 |
| CUBCity Union Bank Limited | 23,000 cron 1 Oct | — | — | ₹230.05 |
| J&KBANKThe Jammu & Kashmir Bank Limited | 15,000 cron 1 Oct | — | — | ₹140.00 |
| TMBTamilnad Mercantile Bank Limited | 14,000 cron 1 Oct | — | — | ₹872.05 |
| SOUTHBANKThe South Indian Bank Limited | 12,000 cron 1 Oct | — | — | ₹47.45 |
| KTKBANKThe Karnataka Bank Limited | 12,000 cron 1 Oct | — | — | ₹321.60 |
| DCBBANKDCB Bank Limited | 6,400 cron 1 Oct | — | — | ₹199.70 |
| CSBBANKCSB Bank Limited | 5,300 cron 1 Oct | — | — | ₹304.75 |
| DHANBANKDhanlaxmi Bank Limited | 1,100 cron 1 Oct | — | — | ₹26.95 |
Foreign portfolio investors hold 41.8%, mutual funds 30.6%, insurance companies 7.4% and banks and financial institutions 3.9%, as filed for the quarter to 30 Jun.
| Category | 30 Jun | 31 Mar | 31 Dec | 30 Sept | 28 Aug |
|---|---|---|---|---|---|
| Foreign portfolio investors | 41.82▼ −2.22 pp | 44.04▼ −3.62 pp | 47.66▼ −0.71 pp | 48.37▼ −0.23 pp | 48.60 |
| Mutual funds | 30.62▲ +1.08 pp | 29.54▲ +2.88 pp | 26.66▲ +0.64 pp | 26.02▲ +0.20 pp | 25.82 |
| Insurance companies | 7.37▲ +0.16 pp | 7.21▲ +0.03 pp | 7.18▼ −0.08 pp | 7.26▼ −0.04 pp | 7.30 |
| Banks and financial institutions | 3.94▲ +0.37 pp | 3.57▲ +0.23 pp | 3.34▲ +0.37 pp | 2.97▲ +0.06 pp | 2.91 |
| Individual investors | 13.38▲ +0.55 pp | 12.83▲ +0.45 pp | 12.38▼ −0.19 pp | 12.57▲ +0.03 pp | 12.54 |
| Bodies corporate | 1.680.00 pp | 1.68▲ +0.06 pp | 1.62▼ −0.02 pp | 1.64▼ −0.02 pp | 1.66 |
| Other foreign holders | 0.04▲ +0.03 pp | 0.010.00 pp | 0.010.00 pp | 0.010.00 pp | 0.01 |
| Others | 1.17▲ +0.04 pp | 1.13▼ −0.02 pp | 1.15▼ −0.01 pp | 1.160.00 pp | 1.16 |
Nothing upcoming on record; the board meets for results on 17 Oct 2026.
| Ex-date | Action | Amount or ratio | Record date | Source |
|---|---|---|---|---|
| recent | ||||
| 19 Jun 2026 | dividend | ₹13.00 | 19 Jun 2026 | BSE |
| 26 Aug 2025 | bonus | 1:1 | 27 Aug 2025 | BSE |
| 25 Jul 2025 | dividend | ₹5.00 | 25 Jul 2025 | BSE |
| 27 Jun 2025 | dividend | ₹22.00 | 27 Jun 2025 | BSE |
| 10 May 2024 | dividend | ₹19.50 | 10 May 2024 | BSE |
HDFCBANK is +2.9% over 20 sessions against Nifty's −6.2%, 29% below its 52-week high, realised volatility 22% annualised.
| Window | From ₹ | HDFCBANK % | Nifty 50 % | Difference pp |
|---|---|---|---|---|
| 250 sessionssince 26 Sept | ₹945.09 | ▼ −24% | ▼ −9.1% | −15 |
| 120 sessionssince 9 Apr | ₹797.70 | ▼ −9.6% | ▼ −5.7% | −3.9 |
| 60 sessionssince 8 Jul | ₹810.34 | ▼ −11% | ▼ −6.1% | −4.9 |
| 20 sessionssince 2 Sept | ₹700.81 | ▲ +2.9% | ▼ −6.2% | +9.2 |
| 5 sessionssince 24 Sept | ₹728.93 | ▼ −1.1% | ▼ −2.8% | +1.7 |
| 1 sessionsince 30 Sept | ₹708.73 | ▲ +1.8% | ▼ −0.88% | +2.6 |
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