$HDFCBANK share price jumps 3% after Q1 business update; Morgan Stanley sees 24% more upside

HDFC Bank Share Price: India's largest private-sector lender, HDFC Bank's share price rose over 3 per cent on Monday (July 6) after the company reported healthy growth in advances and deposits in its Q1 update for the April-June quarter of FY27. HDFC Bank Share PriceAs of 10:55 am, HDFC Bank shares were up 2.9 per cent, or Rs 23.05, at Rs 824.05. Earlier in the session, the stock touched an intraday high of Rs 825.10, reflecting a gain of around 3 per cent from its previous close of Rs 801. HDFC Bank Q1 Update In its Q1 business update, HDFC Bank reported that its gross advances stood at Rs 30.61 lakh crore as of June 30, 2026, marking a 15.4 per cent year-on-year (YoY) increase from Rs 26.53 lakh crore in the corresponding quarter of the previous financial year.