HDFC Bank Vs Reliance Industries: Who Has More Weightage In Nifty? Dividends, Bonus, Splits, Target Price

Two of the largest stocks in India, namely HDFC Bank and Reliance Industries, witnessed healthy buying during the trading week that ended on November 21. The two stocks are blue-chip and important for Nifty due to their weightage. The higher the weightage, the greater is the contribution of these stocks on the NSE-backed benchmark. That being said, which behemoth is attractive to buy and what should be the target price for hedging fruitful gains ahead? Let's find out!

HDFC Bank Share Price:

Although HDFC Bank witnessed sharp selling on Friday, it still managed to record weekly gains. On November 21, the large-cap bank ended at Rs 998 apiece on NSE, down by 1.08% with market cap of Rs 15,34,901.87 crore. Despite this, HDFC Bank's November 17 to November 21st performance was positive with 0.7% upside. Here are key performances of the lender:

YTD Performance: 12% Upside

1-Year Performance: 14.34% Upside

5-Year Performance: 42.20% Upside

All-Time Performance: 36,059.42%

These performances are adjusted with dividends, stock splits and bonus issues over the time. If during Diwali 2024, Reliance Industries big bonus was the limelight than in Diwali 2025, the hype was over HDFC Bank's first ever bonus. Both Reliance and HDFC Bank have rewarded their investors with 1:1 bonus in less than 1 year.

Bonus Issue: HDFC Bank delivered 1:1 bonus shares recently. The record date was fixed on August 26, 2025. This is the first ever bonus by HDFC.

Stock Split: Unlike bonus, HDFC Bank shares have split twice in its history. The first stock split was in July 2011 in the ratio of 1:5, where face value of Rs 10 each was split to Rs 2 each. The last stock split was in September 2019 in the ratio of 1:2, where the face value of Rs 2 was split to Re 1.

Dividends: Since April 2003, HDFC Bank has delivered up to 25 dividends, as per Trendlyne data. In the past 12 months, the payout is to the tune of Rs 27 per share dividend. HDFC Bank also has one of the highest dividend yield in banking sector to 1.35%.

Reliance Industries Share Price:

Just like HDFC Bank, Reliance Industries also saw slight selling on November 21, as the stock price closed at Rs 1,543.70 apiece, down by 0.4% on BSE, with market cap of Rs 20,89,007.80 crore. But this did not held Reliance back from recording over 1.53% weekly gains. Here are key performances of the stock:

YTD Performance: 26.40% Upside

1-Year Performance: 22% Upside

5-Year Performance: 62.54% Upside

All-Time Performance: 5,723.09% Upside

Notably, Reliance Industries stock has never split but is among the top bonus stocks on Indian stock exchanges. Reliance's dividend payout is also robust.

Bonus Issue: Reliance is among top bonus stocks. It has delivered three bonuses so far. All of them are 1:1 bonus each in 2009, 2017 and 2024. The last ex-date was October 28 last year, during Diwali festival.

Stock Split: Up till now, Reliance has not carried any stock split.

Dividends: Since May 2003, Reliance has distributed 25 dividends, as per Trendlyne data. In the past 12 months, the company paid up to Rs 5.50 per share dividend. Its current dividend yield is of 0.36%.

HDFC Bank vs Reliance Industries: Who Has More Weightage On NSE?

As per latest update by NSE, which was on October 31, 2025, HDFC Bank continued to hold the highest weight in Nifty. As much as 12.78% is accounted by HDFC.

Reliance Industries follows at second spot with 8.53% weightage.

HDFC Bank Vs Reliance Industries: Which Stock To Buy?

HDFC Bank Recommendation:

At the latest, analysts at Geojit PNB Baribas has recommended HOLD with Rs 1,075 target price. While analysts at Deven Choksey suggested ACCUMULATE with Rs 1,149 target price.

Meanwhile, analysts at Axis Securities has added HDFC Bank as its top November pick. They recommended BUY with target price of Rs 1,170.

"HDFCB has been consistently performing on its guidance in its endeavour to revert to its pre-merger levels across metrics, and its execution capabilities remain strong. With LDR at a

Reliance Industries Recommendation:

The latest to recommend BUY on Reliance is Motilal Oswal. Analysts here have set a target price of Rs 1,765.

Analysts also said, "Reliance Industries (RIL) continues to progress on the 40GWh battery GIGA factory, which is set to commence operations in early CY26. We raise the New Energy business valuation for RIL to INR174/sh (earlier INR 116/sh) as we incorporate value for the battery manufacturing segment. We estimate the FY30 New Energy EBITDA at INR169b, ~7% of FY28 Consol. EBITDA, and believe New Energy can be a significant growth driver post FY30."

RIL's key long-term competitive advantage in battery manufacturing (and across new energy) remains scale, ability to undertake technologically complex projects, and an integrated and unique new energy ecosystem.

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