Strong Q1, growth hopes drive gains for HDFC Bank and ICICI Bank

Most analysts point out that ICICI Bank delivered a strong performance in a tough quarter and expect the bank to outperform large peers going ahead

A steady set of earning, during the first quarter of the current financial year (Q1FY26) by the country’s top two private banks, HDFC Bank and ICICI Bank, and growth expectations, led to a rally in their stock prices on Monday. While ICICI Ba­nk gained about 2.8 per cent, HDFC Bank was up 2.2 per cent and were the second and third largest gainers on the Sensex as well the Nifty. 

 

Brokerages are bullish on the prospects of both banks. In addition to an upbeat loan growth in H2FY26 onwards, they expect HDFC Bank to catch up on credit growth amid