HDFC Bank Share Price Outperforms ICICI Bank Over 1 Year with a Lower P/B Ratio

HDFC Bank share price has traded steadily through November 2025, hovering close to their recent highs as the bank reported solid Q2 FY26 financial performance supported by healthy income growth and stable asset quality. 

HDFC Bank Share Price in November 2025 

During November 2025, HDFC Bank shares moved within the ₹974 to ₹999 range, reflecting a marginal decline of nearly 1%. The stock continues to trade close to its 52 week high of ₹1,020.50, remaining only 2.63% below this level. Market participation remained firm as investors evaluated the bank’s quarterly performance. 

Strong Q2 FY26 Consolidated Financial Performance 

For the quarter ended September 30, 2025, consolidated net profit rose to ₹19,610 crore, marking a 10% year-on-year increase. Consolidated income reached ₹91,040.72 crore, while the half yearly consolidated profit after tax stood at ₹35,870 crore.  

On a standalone basis, profit after tax improved 10.8% to ₹18,640 crore, supported by 10.3% growth in net revenue to ₹45,900 crore. Net interest income increased 4.8% to ₹31,550 crore, though the core net interest margin declined 8 basis points quarter on quarter to 3.27% due to repricing impacts. 

HDFC Bank and ICICI Bank Share Price Performance in Last 1-Year  

HDFC Bank share price is up by 15.05% over the last 1 year, while ICICI Bank is up by 11.28% over the last 1 year as of November 19, 2025. 

Read More: HDFC, ICICI, SBI, and Other Banks Migrate Their Domain Structure to .bank.in! 

Rating Affirmation by India Ratings and Research 

On November 17, 2025, India Ratings affirmed the bank’s long term issuer rating at IND AAA with a stable outlook. The agency assigned IND A1 plus ratings to ₹30,000 crore worth of certificates of deposit and reaffirmed existing CDs of ₹95,000 crore at the same level. The assessment cited HDFC Bank’s extended market share of 12% in deposits and 14.4% in net advances at FY25 end, alongside a CET1 ratio of 17.5% in Q2 FY26. 

Balance Sheet Strength and Asset Quality 

The bank’s balance sheet rose to ₹40,03,000 crore, supported by average deposit growth of 15.1% year on year to ₹27,10,000 crore. Asset quality indicators remained steady with gross NPAs at 1.24% and a provision coverage ratio of 66.6%. The cost to income ratio moderated to 35.7% in H1 FY26. 

HDFC Bank Share Price Performance 

 As of November 19, 2025, at 10:54 AM, HDFC Bank share price was ₹986.25 down by 0.62%. 

Conclusion 

HDFC Bank’s Q2 FY26 performance indicates stable growth across profitability, deposits and asset quality, with rating affirmations reinforcing financial resilience. The share price movement reflects steady sentiment as the bank continues to maintain scale and operational strength. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.