HDFC Bank eyes breakout before Q1 results, bonus decision
HDFC Bank shares hover near ₹2,000 ahead of Q1 results and a July 19 board meet to consider a bonus issue. Analysts see bullish signals, with ₹2,025 as key breakout level. Technicals show smart accumulation and momentum buildup. Street expects strong retail loan growth, stable NIMs, and synergy gains post HDFC merger. Stock is up 12% YTD.