First Time In History: 1:1 Bonus Shares — Record Date Out; Turn Your HDFC Bank Shares From 1 To 2?

For the first time since its founding, HDFC Bank, the largest private sector bank in India, has announced a record date for bonus shares. Yes, you read correctly. On July 19, 2025, HDFC Bank shocked investors by announcing 1:1 bonus shares for the first time in its history. As a consequence, HDFC Bank shareholders have the opportunity to double their share number or turn their shares from 1 to 2 completely free of cost. In order to determine the eligibility of the shareholders, the bank has declared record date, which makes the heavyweight stock to be in focus.

HDFC Bank Bonus Shares Record Date

"This has reference to our intimation dated July 19, 2025, wherein the Board of Directors of HDFC Bank Limited ("Bank") had approved the issuance of bonus shares in the ratio of 1:1 i.e. 1 equity share for every 1 equity share held by the shareholders as on the record date i.e. August 27, 2025 ("Record Date") and also increase in the Authorised Share Capital of the Bank and consequential amendment to Memorandum of Association, subject to applicable approvals including from the Members of the Bank. Reference is also drawn to our intimation dated July 22, 2025 wherein we had informed about circulation of the Postal Ballot Notice dated July 19, 2025 to all the Members, seeking their approval for the said matters," said HDFC Bank in a stock exchange filing on 13th August.

"In this connection, we wish to inform you that the Reserve Bank of India ("RBI") has vide its letter dated August 13, 2025, approved utilization of the Share Premium Account for issuance of bonus shares and also amendment to be carried out in the Memorandum of Association of the Bank in respect of the clause pertaining to increase in the authorized share capital, subject to compliance with applicable laws," the bank informed to stock exchanges.

"Kindly note that the bonus issue and increase in the Authorised Share Capital of the Bank and consequential amendment to the Memorandum of Association as mentioned above, remain subject to approval of Members of the Bank, being sought by way of Postal Ballot. The period for remote e-voting on the resolutions set out in the Postal Ballot Notice commenced on Wednesday, July 23, 2025 at 10:00 A.M. (IST) and shall end on Thursday, August 21, 2025 at 5:00 P.M. (IST)," HDFC Bank further confirmed in a regulatory filing on Wednesday.

HDFC Bank Target Price

Hardik Matalia - Derivative Analyst at Choice Broking said, "HDFCBANK is currently trading at ₹1,980 and remains in a strong long-term uptrend, consistently forming higher highs and higher lows on the daily timeframe. Recently, the stock has been consolidating near its higher levels, suggesting a pause within its broader uptrend before the next potential move."

"At present, HDFCBANK is hovering close to its short-term and medium-term EMAs, indicating that the stock is maintaining a healthy technical alignment. However, a breach below ₹1,950 could bring short-term pressure, potentially dragging the price lower toward its long-term EMA zones. The Relative Strength Index (RSI) stands at 47.23 and is currently showing a sideways movement, reflecting indecision in momentum," the analyst added.

"From a short-term trading perspective, traders seeking buying opportunities should wait for a confirmed reversal before entering, targeting an immediate retest of the record high near ₹2,040. Fresh long positions for trading purposes should ideally be initiated only after a breakout confirmation above the consolidation range," Hardik Matalia stated.

"For long-term investors already holding the stock, it is advisable to continue holding from a multi-year perspective. For fresh investment buying, one can consider partial accumulation at current levels and add further on meaningful dips, maintaining a long-term outlook," he further recommended.

HDFC Bank Share Price Target 2

"The stock is holding a mildly positive bias, with immediate resistance at ₹2,000. Sustaining above this level can trigger momentum towards ₹2,050. Support rests at ₹1,950, and a break below this may invite profit booking. Overall trend remains stable, but fresh momentum needs a decisive breakout above ₹2,000," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

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