# HDB Financial Services (HDBFS) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/hdbfs

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹534.35
- Change: +0.48%
- As of: 2026-11-06
- 1D return: +0.48%
- 5D return: +7.18%
- 1M return: -8.88%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

HDBFS closed at ₹534.35 on 2026-11-06, following an extreme upward gap of +5.1% on the previous day. Despite this sharp bounce, the daily trend remains bearish, with price trading below the 20-period EMA, 50-period EMA, and Supertrend, while ADX stands at 41.78, indicating strong underlying trend momentum rather than a reversal. The stock is positioned in the lower-middle of its 20-day range (+34.3%) and near the bottom of its 252-day range (+13.3%), reflecting a significant year-to-date decline of -30.1%. While the monthly timeframe shows a bullish Supertrend signal, the weekly structure is firmly bearish with price below all major moving averages. Immediate resistance lies at ₹541.02 (1.25% above), followed by ₹550.23 (2.97%). Support is found at ₹527.03 (pivot) and ₹517.82 (low). A sustained move above the daily Supertrend and key moving averages would be required to validate a shift from oversold bounce to trend reversal.

- Trend Conflict: Daily trend is bearish (price below Supertrend/EMAs, ADX 41.78) despite a recent +5.1% gap-up; Monthly trend remains bullish (price above Supertrend).
- Key Levels: Resistance at ₹541.02 (1.25%) and ₹550.23 (2.97%); Support at ₹527.03 (pivot) and ₹517.82 (low).
- Range Position: Trading in the lower-middle of the 20-day range (+34.3%) and near the low end of the 252-day range (+13.3%).
- Risk Profile: Annualized volatility is +26.4% with a current drawdown of -38.2%; high ADX suggests strong directional movement regardless of direction.

- Morning Star
- Harami
- Inside Bar

### Official Filings

HDB Financial Services Limited has executed several key corporate actions and governance updates in late October 2026. The company paid an interim dividend of ₹2 per share, with a record date of October 23, 2026. On the same day, it allotted 1,21,300 equity shares to employees under its ESOP scheme, increasing paid-up capital from ₹8,307.94 crore to ₹8,309.16 crore.

Governance changes were approved by the Board on October 22, 2026, subject to shareholder approval via postal ballot (e-voting period: October 28 to November 26, 2026). These include re-appointing Jayesh Chakravarthi and Arundhati Mech as Independent Directors and appointing Jimmy Tata as a Non-Executive Director nominated by HDFC Bank Limited.

In debt markets, the company redeemed Commercial Paper Series 370 (₹50,000 lakh) and Series 376 (₹59,500 lakh) in early November 2026. Another series, ISIN INE756I14GW6, is scheduled for redemption on November 30, 2026, with a record date of November 27, 2026.

- Interim Dividend: ₹2 per share declared; record date was October 23, 2026.
- Capital Structure: Paid-up capital increased to ₹8,309.16 crore following ESOP allotment of 1,21,300 shares on October 22, 2026.
- Governance: Board approved re-appointment of two Independent Directors and appointment of one Non-Executive Director (HDFC Bank nominee); shareholder approval sought via postal ballot until November 26, 2026.
- Debt Redemption: Redeemed CP Series 370 (₹50,000 lakh) and Series 376 (₹59,500 lakh) in November 2026; further redemption due for ISIN INE756I14GW6 on November 30, 2026.

- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/HDBFSL_05112026172028_CP_Redemption_NSE_Intimation__INE756I14GT2_sd.pdf)
- [Record Date Updates |SUBJECT: Record Date Updates](https://nsearchives.nseindia.com/content/debt/WDM/HDBFSL_04112026180548_RD_intimation_CP_sd.pdf)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/HDBFSL_03112026162111_CPRedemptionNSEIntimationINE756I14GR6sd.pdf)
- [HDB Financial Services Limited has informed the Exchange regarding Notice of Postal Ballot |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/HDBF_26102026161553_Intomation_NoticeofPostalBallotSd.pdf)
- [HDB Financial Services Limited has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot |SUBJECT: Notice Of Shareholders Meetings-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_24797_WebXMLFile_20261026_163617323.xml)
- [SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RS 2 PER SHARE |FACE VALUE:10 |RECORD DATE:23-Oct-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RS 2 PER SHARE |FACE VALUE:10 |RECORD DATE:23-Oct-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [HDB Financial Services Limited has informed the Exchange regarding Allotment of 121300 Shares. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/HDB_22102026173149_Intimation_-_ESOP_Allotment_sd.pdf)
- [HDB Financial Services Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_24797_WebXMLFile_20261022_173349787.xml)
- [HDB Financial Services Limited has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)](https://nsearchives.nseindia.com/corporate/HDBF_22102026183553_Covering_Letter_-_Outcome_of_BM_sd.pdf)

### Fundamentals

HDB Financial Services reported sequential declines in profitability for Q2 FY2026-27, with Net Profit falling from ₹785.19 crore to ₹780.20 crore and EPS dropping from ₹9.46 to ₹9.39 per share. This contraction occurred despite a 2.4% sequential increase in Revenue to ₹5,005.32 crore, driven by rising Finance Costs (₹1,753.26 crore to ₹1,817.11 crore) and higher Impairment on Financial Instruments (₹697.10 crore to ₹729.89 crore). While the company expanded its loan book significantly year-over-year (Loans grew from ₹1,07,759.43 crore in Sep 2025 to ₹1,20,378.57 crore in Sep 2026), the recent quarter shows margin pressure as expenses outpaced revenue growth. Operating leverage remains a key focus, with Total Expenses rising sequentially to ₹3,961.59 crore. On the balance sheet, Borrowings increased to ₹104,442 crore as of Sep 2026, while Fixed Assets remained stable at ₹774 crore. Shareholding patterns show Promoters holding 74.08% in Sep 2026, with FIIs increasing their stake to 4.04%. The divergence between top-line growth and bottom-line compression highlights the need to monitor cost efficiency and asset quality trends.

- Net Profit declined sequentially to ₹780.20 crore in Q2 FY2026-27, reversing prior growth momentum despite a ₹5,005.32 crore revenue top-line.
- Finance Costs rose to ₹1,817.11 crore and Impairments increased to ₹729.89 crore, pressuring margins against a 2.4% revenue increase.
- Loan book expanded YoY to ₹1,20,378.57 crore (Sep 2026), but borrowing costs rose to ₹104,442 crore in total borrowings.
- Promoter holding remained stable at 74.08% in Sep 2026; next checkpoint is monitoring if expense ratios stabilize in Q3.

### Bear Case

HDB Financial Services (NSE: HDBFS) exhibits significant near-term technical weakness and substantial historical drawdown as of 6 November 2026. The daily trend is bearish, with the price closing at ₹534.35 below key moving averages; the 20-day EMA and SMA slopes are negative (-10.94 and -23.22 respectively), indicating sustained downward pressure. The stock has declined 30.1% year-to-date and 25.9% over the past year, with a current drawdown of -38.2% against a maximum drawdown of -42.3%. While monthly trends remain bullish, the immediate risk environment is defined by high volatility (annualized +26.4%) and weak momentum indicators where the Minus DI (26.17) exceeds the Plus DI (20.36). Support levels are closely tested at ₹527.03, while resistance begins immediately above at ₹541.02.

- Daily trend is bearish with price at ₹534.35; 20-day EMA slope (-10.94) and SMA slope (-23.22) confirm short-term downtrend.
- Significant underperformance: YTD return is -30.1%, 1-year return is -25.9%, and current drawdown stands at -38.2%.
- High volatility environment with annualized volatility of +26.4% and ATR at 2.89%, suggesting elevated price swings.
- Immediate support at ₹527.03 (pivot) and resistance at ₹541.02 (high); failure to hold support may expose lower levels at ₹517.82.

- [IRFC Share Price Today, IRFC Stock Price Live NSE/BSE Updates | The Economic Times](https://economictimes.indiatimes.com/indian-railway-finance-corporation-ltd/stocks/companyid-12523.cms)
- [Tech Query: Sundram Fasteners, HDB Financial Services, Sterlite Technologies, Techno Electric & Engineering Company – What is the outlook? Where are these stocks headed?](https://www.thehindubusinessline.com/portfolio/technical-analysis/tech-query-sundram-fasteners-hdb-financial-services-sterlite-technologies-techno-electric-amp-engineering-company-what-is-the-outlook-where-are-these-stocks-headed/article71645178.ece)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/HDBFSL_05112026172028_CP_Redemption_NSE_Intimation__INE756I14GT2_sd.pdf)
- [Record Date Updates |SUBJECT: Record Date Updates](https://nsearchives.nseindia.com/content/debt/WDM/HDBFSL_04112026180548_RD_intimation_CP_sd.pdf)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/HDBFSL_03112026162111_CPRedemptionNSEIntimationINE756I14GR6sd.pdf)
- [HDB Financial Services Limited has informed the Exchange regarding Notice of Postal Ballot |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/HDBF_26102026161553_Intomation_NoticeofPostalBallotSd.pdf)
- [HDB Financial Services Limited has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot |SUBJECT: Notice Of Shareholders Meetings-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_24797_WebXMLFile_20261026_163617323.xml)
- [SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RS 2 PER SHARE |FACE VALUE:10 |RECORD DATE:23-Oct-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RS 2 PER SHARE |FACE VALUE:10 |RECORD DATE:23-Oct-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [HDB Financial Services Limited has informed the Exchange regarding Allotment of 121300 Shares. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/HDB_22102026173149_Intimation_-_ESOP_Allotment_sd.pdf)

### FAQs

**What recent corporate governance actions is HDBFS undertaking?**

HDBFS issued a Notice of Postal Ballot on October 22, 2026, seeking shareholder approval for three director-related resolutions. The e-voting period ran from October 28 to November 26, 2026. Resolutions included the re-appointment of Independent Directors Jayesh Chakravarthi and Arundhati Mech, and the appointment of Jimmy Tata as a Non-Executive Director representing HDFC Bank Limited.

**How has HDBFS managed its short-term debt obligations recently?**

The company has actively redeemed multiple Commercial Paper series in early November 2026. Series 370 (ISIN INE756I14GR6) was redeemed on November 3, 2026, with a payment of Rs. 50,000.00 lakh. Series 376 (ISIN INE756I14GT2) was redeemed on November 5, 2026, with a payment of Rs. 59,500.00 lakh. Additionally, ISIN INE756I14GW6 has a record date of November 27, 2026, and redemption date of November 30, 2026.

**What are the current technical price levels and trend indicators for HDBFS?**

As of November 6, 2026, HDBFS closed at ₹534.35. Daily trend indicators are bearish, with the Supertrend direction signaling downside pressure. Key resistance levels are identified at ₹541.02 (+1.25%) and ₹550.23 (+2.97%), while immediate support sits at ₹527.03 (-1.37%). The stock is currently trading within a daily range of ₹520.75 to ₹536.40.

**How has HDBFS performed over various time horizons relative to its current price?**

HDBFS has experienced significant negative returns over medium-to-long terms, with a year-to-date return of -30.1% and a one-year return of -25.9%. The stock is down -36.5% since the start of the tracking period. Conversely, it posted positive returns over shorter windows, including +7.2% over five days and +5.8% over ten days, against a monthly return of -13.4%.

- [IRFC Share Price Today, IRFC Stock Price Live NSE/BSE Updates | The Economic Times](https://economictimes.indiatimes.com/indian-railway-finance-corporation-ltd/stocks/companyid-12523.cms)
- [Tech Query: Sundram Fasteners, HDB Financial Services, Sterlite Technologies, Techno Electric & Engineering Company – What is the outlook? Where are these stocks headed?](https://www.thehindubusinessline.com/portfolio/technical-analysis/tech-query-sundram-fasteners-hdb-financial-services-sterlite-technologies-techno-electric-amp-engineering-company-what-is-the-outlook-where-are-these-stocks-headed/article71645178.ece)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/HDBFSL_05112026172028_CP_Redemption_NSE_Intimation__INE756I14GT2_sd.pdf)
- [Record Date Updates |SUBJECT: Record Date Updates](https://nsearchives.nseindia.com/content/debt/WDM/HDBFSL_04112026180548_RD_intimation_CP_sd.pdf)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/HDBFSL_03112026162111_CPRedemptionNSEIntimationINE756I14GR6sd.pdf)
- [HDB Financial Services Limited has informed the Exchange regarding Notice of Postal Ballot |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/HDBF_26102026161553_Intomation_NoticeofPostalBallotSd.pdf)
- [HDB Financial Services Limited has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot |SUBJECT: Notice Of Shareholders Meetings-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_24797_WebXMLFile_20261026_163617323.xml)
- [SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RS 2 PER SHARE |FACE VALUE:10 |RECORD DATE:23-Oct-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RS 2 PER SHARE |FACE VALUE:10 |RECORD DATE:23-Oct-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [HDB Financial Services Limited has informed the Exchange regarding Allotment of 121300 Shares. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/HDB_22102026173149_Intimation_-_ESOP_Allotment_sd.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Moderate Downtrend
- Pivot point: ₹527.03
- Risk regime: Higher Price Risk

### Support levels
- 494.85
- 517.8166666666666
- 503.83333333333326

### Resistance levels
- 638.25
- 659.03125
- 745.3812499999999

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.48% |
| return_10 | +5.84% |
| return_1m | -13.36% |
| return_1y | -25.86% |
| return_20 | -8.88% |
| return_3m | -20.83% |
| return_5 | +7.18% |
| return_6m | -22.04% |
| return_since_start | -36.46% |
| return_ytd | -30.06% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -42.30% |
| annualized_volatility | +26.44% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# HDB Financial Services Q2 FY2026-27 Results

HDB Financial Services’ standalone profit before tax rose 21.3% year on year to ₹1,043.73 crore in Q2 FY2026-27, outpacing 7.1% growth in revenue from operations to ₹5,005.32 crore. Interest earned increased 9.1% to ₹4,350.77 crore, while the loan balance reached ₹1,20,378.57 crore at 30 September 2026, up 5.0% from 30 June. Sequentially, however, PBT and PAT edged lower as finance costs and impairment charges increased.

## Interest income supports revenue growth

Interest earned rose to ₹4,350.77 crore from ₹3,989.02 crore in the prior-year quarter and ₹4,262.05 crore in Q1 FY2026-27. Other revenue from operations moved in the opposite direction, declining 6.9% year on year to ₹345.38 crore and 1.7% sequentially. Overall revenue from operations increased 7.1% year on year and 1.4% quarter on quarter to ₹5,005.32 crore.

## Profit growth and sequential cost pressure

Total expenses increased 3.9% year on year to ₹3,961.59 crore. Impairment on financial instruments was ₹729.89 crore, up 2.5% year on year and 4.7% sequentially. Finance costs rose 6.6% year on year to ₹1,817.11 crore, including a 3.6% increase from the preceding quarter.

PBT was 21.3% higher year on year but declined 1.1% sequentially to ₹1,043.73 crore. Profit after tax rose 21.2% year on year to ₹780.20 crore, while falling 0.6% quarter on quarter. Basic EPS was ₹9.39, compared with ₹7.76 a year earlier and ₹9.46 in Q1.

## Lending growth and funding position

Loans stood at ₹1,20,378.57 crore at 30 September, up 5.0% from ₹1,14,689.55 crore at 30 June. Total assets increased 5.8% over the same period to ₹1,30,777.02 crore. Borrowings rose 6.6% to ₹63,863.96 crore, while cash and cash equivalents increased to ₹1,632 crore from ₹1,246.12 crore.

Equity attributable to owners reached ₹22,153.16 crore, up 7.2% from ₹20,664.04 crore at 30 June. Subordinated liabilities declined 2.3% to ₹6,814.19 crore.

## Management Commentary

Management attributed the quarter's spread trend to a net interest margin of 8.2%, down from 8.4% in the prior quarter but above 7.9% a year earlier, while net interest income rose 15.6% year on year to ₹2,534 crore. Credit cost edged up to 2.4% of gross loans from 2.3% in the prior quarter, and gross Stage 3 assets were 2.43% compared with 2.34% sequentially. Pre-provisioning operating profit of ₹1,774 crore, up 15.9% year on year, shows the core earnings base before impairment charges.

## Key Takeaway
The quarter combined continued loan-book expansion with strong year-on-year profit growth, supported by higher interest earned and slower growth in total expenses. The sequential picture was more measured: PBT and PAT slipped slightly as finance costs and impairment charges rose. The balance sheet expanded alongside the loan book, with higher borrowings and owner equity; the movement in credit impairment and funding costs remains important to monitor as lending grows.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +74.12%
- FII holding: +3.55%
- DII holding: +12.10%
- Mutual fund holding: +10.59%
- Retail holding: +6.58%
- Promoter pledged: +0.00%

### Major reported shareholders

- Hdfc Bank Limited — +74.12% (Bodies Corporate)
- Mirae Asset Large & Midcap Fund — +2.47%
- ICICI Prudential Large & Mid Cap Fund — +2.42%
- Kotak Midcap Fund — +1.94%
- Sbi Midcap Fund — +1.04%

## Official filings

- 2026-11-06 — Generic Announcement: HDB Financial Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HDBF_06112026154404_Intimation_under_Regulation_30_-_Analyst_Investor_Meet_sd.pdf)
- 2026-11-06 — Generic Announcement: HDB Financial Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_24797_WebXMLFile_20261106_155509150.xml)
- 2026-11-06 — Generic Announcement: HDB Financial Services Ltd — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/HDBFSL_06112026160836_CP_Redemption_NSE_Intimation__INE756I14GV8_sd.pdf)
- 2026-11-06 — Board Meeting Notice: HDB Financial Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_24797_WebXMLFile_20261106_194757931.xml)
- 2026-11-06 — Generic Announcement: HDB Financial Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_24797_WebXMLFile_20261106_194757931.xml)
- 2026-11-05 — Generic Announcement: HDB Financial Services Ltd — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/HDBFSL_05112026172028_CP_Redemption_NSE_Intimation__INE756I14GT2_sd.pdf)
- 2026-11-04 — Generic Announcement: HDB Financial Services Ltd — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/HDBFSL_04112026180548_RD_intimation_CP_sd.pdf)
- 2026-11-03 — Generic Announcement: HDB Financial Services Ltd — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/HDBFSL_03112026162111_CPRedemptionNSEIntimationINE756I14GR6sd.pdf)
- 2026-10-26 — Generic Announcement: HDB Financial Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HDBF_26102026161553_Intomation_NoticeofPostalBallotSd.pdf)
- 2026-10-26 — Generic Announcement: HDB Financial Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_24797_WebXMLFile_20261026_163617323.xml)
- 2026-10-23 — Corporate Action Notice: HDB Financial Services Limited - Ex-Date: 23-Oct-2026 — [Official attachment](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- 2026-10-22 — Corporate Action Notice: HDB Financial Services Limited - Ex-Date: 23-Oct-2026 — [Official attachment](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- 2026-10-22 — Generic Announcement: HDB Financial Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HDB_22102026173149_Intimation_-_ESOP_Allotment_sd.pdf)
- 2026-10-22 — Generic Announcement: HDB Financial Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_24797_WebXMLFile_20261022_173349787.xml)
- 2026-10-22 — Generic Announcement: HDB Financial Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HDBF_22102026183553_Covering_Letter_-_Outcome_of_BM_sd.pdf)
- 2026-10-22 — Generic Announcement: HDB Financial Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_24797_WebXMLFile_20261022_183859665.xml)
- 2026-10-20 — Generic Announcement: HDB Financial Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HDBF_20102026124950_Intimation_of_Transcript.pdf)
- 2026-10-20 — Generic Announcement: HDB Financial Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_24797_WebXMLFile_20261020_125151336.xml)
- 2026-10-16 — Generic Announcement: HDB Financial Services Ltd — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/HDBFSL_16102026183015_Quarterly_letter_for_ALM_and_DNBS4A_Sep_2026-sd.pdf)
- 2026-10-14 — Generic Announcement: HDB Financial Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HDBF_14102026160230_Outcome_of_BM.pdf)
- 2026-10-14 — Generic Announcement: HDB Financial Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HDBF_14102026160341_Outcome_of_BM.pdf)
- 2026-10-14 — Generic Announcement: HDB Financial Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HDBF_14102026162410_Outcome_of_BM.pdf)
- 2026-10-14 — Earnings Presentation: HDB Financial Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HDBF_14102026162735_Intimation_of_Investor_Presentation_sd.pdf)
- 2026-10-14 — Press Release: HDB Financial Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HDBF_14102026163038_Intimation_of_Press_Release_sd.pdf)
- 2026-10-14 — Management Change: HDB Financial Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HDBF_14102026163554_Outcome_of_BM.pdf)

## News and market events

- 2026-11-04 — Economic Times: **IRFC Share Price Today, IRFC Stock Price Live NSE/BSE Updates | The Economic Times** — The Economic Times provides live NSE and BSE share price updates for Indian Railway Finance Corporation (IRFC), alongside access to its latest news, headlines, and quick analysis. The platform also offers detailed financial data including forecasts, quarterly results, dividend information, and balance sheet metrics for the entity. — [Source](https://economictimes.indiatimes.com/indian-railway-finance-corporation-ltd/stocks/companyid-12523.cms)
- 2026-10-31 — The Hindu: **Tech Query: Sundram Fasteners, HDB Financial Services, Sterlite Technologies, Techno Electric & Engineering Company – What is the outlook? Where are these stocks headed?** — The Hindustan Business Line research bureau issued technical outlooks for Sundram Fasteners, HDB Financial Services, Sterlite Technologies, and Techno Electric & Engineering Company, providing specific price targets, support/resistance levels, and trading strategies for each stock. — [Source](https://www.thehindubusinessline.com/portfolio/technical-analysis/tech-query-sundram-fasteners-hdb-financial-services-sterlite-technologies-techno-electric-amp-engineering-company-what-is-the-outlook-where-are-these-stocks-headed/article71645178.ece)
- 2026-10-28 — BUSINESSTODAY: **Jio IPO listing: How LIC, Reliance Power, NSE, LG, Hyundai, Paytm fared on debut days** — Jio Platforms Ltd has the potential to become the most-valued telecom stock on the Street when it debuts on the NSE and BSE on Wednesday. — [Source](https://www.businesstoday.in/markets/stocks/story/jio-ipo-listing-how-lic-reliance-power-nse-lg-hyundai-paytm-fared-on-debut-days-564131-2026-10-28)
- 2026-10-19 — BUSINESSTODAY: **Tech Mahindra, ICICI Lombard, HDB Financial: Top stocks to turn ex-dividend this week** — Tech Mahindra dividend, ICICI Lombard dividend, HDB Financial Services dividend, LTM dividend, ICICI Prudential AMC dividend, dividend stocks this week, stocks turning ex-dividend, corporate actions this week, stock split, Jattashankar Industries stock split, JSW Dulux stock split, Azad India Mobility stock split, Tips Music dividend, IRFC dividend, Oberoi Realty dividend, 360 ONE WAM dividend, Titan Biotech bonus issue, VRL Logistics buyback, Indian stock market, dividend record date — [Source](https://www.businesstoday.in/markets/stocks/story/tech-mahindra-icici-lombard-hdb-financial-top-stocks-to-turn-ex-dividend-this-week-562400-2026-10-19)
- 2026-10-19 — BUSINESSTODAY: **Hitachi Energy, Karur Vysya Bank, HDB Financial: Stocks to trade — Key levels, targets & stop loss** — Stocks to buy, Stock picks, Stocks to trade, trading views, Karur Vysya Bank, HDB Financial Services, Hitachi Energy India, Karur Vysya Bank shares, HDB Financial shares, Hitachi Energy shares, Power India shares, Karur Vysya Bank share price, HDB Financial share price, Hitachi Energy share price, Power India share price, Karur Vysya Bank stock price, HDB Financial stock price, Hitachi Energy stock price, Power India stock price, Karur Vysya Bank target price, HDB Financial target price, Hitachi Energy target price, Power India target price — [Source](https://www.businesstoday.in/markets/stocks/story/hitachi-energy-karur-vysya-bank-hdb-financial-stocks-to-trade-key-levels-targets-stop-loss-562330-2026-10-19)
- 2026-10-18 — CNBC-TV18: **Record Dates This Week: JSW Dulux, Tech Mahindra among 13 important names with corporate actions lined up** — As many as 13 stocks, including Tech Mahindra, VRL Logistics, JSW Dulux among others will see record dates for their dividends, stock splits and share buybacks this week. Details follow in the story. — [Source](https://www.cnbctv18.com/market/record-dates-this-week-tech-mahindra-jsw-dulux-ltm-vrl-logistics-share-price-stock-split-dividend-buybacks-20014547.htm)
- 2026-10-15 — BUSINESSTODAY: **HDB Financial Services shares slump 8% to record low; brokerages cut targets post weak Q2** — HDB Financial Services, HDB Financial Services share price, HDB Financial Services Q2 results, JM Financial, Nuvama Institutional Equities, HDB Financial Services target price, asset quality, net interest margin, Q2 FY27 earnings — [Source](https://www.businesstoday.in/markets/stocks/story/hdb-financial-services-shares-slump-8-to-record-low-brokerages-cut-targets-post-weak-q2-561831-2026-10-15)
- 2026-10-14 — BUSINESSTODAY: **HDB Financial Q2 PAT climbs 34% to Rs 780 crore; stock slips 4%** — HDB Financial Services, HDB Financial Q2 results, HDB Financial Q2 FY27, HDB Financial PAT, net interest income, assets under management, asset quality, interim dividend, HDB Financial share price — [Source](https://www.businesstoday.in/markets/stocks/story/hdb-financial-q2-pat-climbs-34-to-rs-780-crore-stock-slips-4-561614-2026-10-14)
- 2026-10-14 — FREEPRESSJOURNAL.IN: **HDB Financial Services Q2 Profit Rises 34.2% To ₹780 Crore, Announces ₹2 Interim Dividend** — HDB Financial Services Limited reported a 34.2% increase in profit after tax to ₹780 crore for the quarter ended September 30, 2026. The company — [Source](https://www.freepressjournal.in/business/hdb-financial-services-q2-profit-rises-342-to-780-crore-announces-2-interim-dividend)
- 2026-10-13 — CNBC-TV18: **Market Pulse: Key triggers to watch before the October 14 trading session** — Investors will also monitor crude oil prices after Brent retreated below $105 a barrel, along with earnings from major US banks and the September-quarter results of several Indian companies, including BHEL, ICICI Lombard, Tata Technologies, CEAT and HDB Financial Services. — [Source](https://www.cnbctv18.com/photos/market/market-pulse-key-triggers-to-watch-before-the-october-14-trading-session-20011135.htm)
- 2026-09-30 — Mint: **H1 digest: India’s IPO market bucks weak equities as domestic capital steps up** — As many as 78 companies listed on the mainboard in the first half of FY27 (April-September), up from 65 in the year-ago period. The average issue size rose 12% year-on-year to more than ₹1,200 crore. — [Source](https://www.livemint.com/market/stock-market-news/h1-digest-india-ipo-market-h1-fy27-mainboard-sme-ipos-11790745031564.html)
- 2026-09-24 — MONEYCONTROL: **Global brokerages cautious on PB Fintech as IRDAI draft triggers 36% crash** — pb fintech, policybazaarr, irdai draft, brokerages — [Source](https://www.moneycontrol.com/news/business/markets/global-brokerages-cautious-on-pb-fintech-as-irdai-draft-triggers-36-crash-14037570.html)
- 2026-09-24 — Economic Times: **Can IRDAI’s insurance reforms impact NBFCs? Jefferies warns L&T Finance, Piramal Finance, others are most exposed** — IRDAIs proposed insurance distribution reforms could extend beyond insurers and distributors, potentially pressuring NBFC fee income. Jefferies flagged L&T Finance, Piramal Finance and others as exposed to insurance commissions, with proposed cuts potentially affecting profitability. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/can-irdais-insurance-reforms-impact-nbfcs-jefferies-warns-lt-finance-piramal-finance-others-are-most-exposed/articleshow/134459825.cms)
- 2026-09-21 — BUSINESS: **HDB Financial Services allots 29,480 equity shares under ESOS** — HDB Financial Services has allotted 29,480 equity shares to the employees of the company pursuant to exercise of options under its Employees Stock Option Schemes on 21 September 2026. — [Source](https://www.business-standard.com/markets/capital-market-news/hdb-financial-services-allots-29-480-equity-shares-under-esos-126092100526_1.html)
- 2026-09-17 — Economic Times: **NSE enters India’s mega-IPO club: 2nd-largest issue, 2nd-highest anchor count with 189 investors** — NSEs Rs 22,561.57 crore IPO ranks as Indias second-largest, behind Hyundai Motor India. The exchange attracted 189 anchor investors and raised Rs 6,746.18 crore before opening for public subscription, making it the second-highest in the historical anchor investor comparison. — [Source](https://economictimes.indiatimes.com/markets/ipos/fpos/nse-enters-indias-mega-ipo-club-2nd-largest-issue-2nd-highest-anchor-count-with-189-investors/articleshow/134312636.cms)
- 2026-09-15 — Economic Times: **Is unlisted investing a lottery? The story of a NSE investor who bought shares at Rs 1,827** — NSEs IPO price band of Rs 1,700-1,785 is below earlier unlisted-market expectations, offering a reality check for investors who bought the exchanges shares at higher prices. While NSEs dominant market position and strong fundamentals could support demand, experts caution that unlisted shares carry liquidity and valuation risks, with pre-IPO prices often reflecting scarcity and expectations rather than fair value. — [Source](https://economictimes.indiatimes.com/markets/ipos/fpos/is-unlisted-investing-a-lottery-the-story-of-a-nse-investor-who-bought-shares-at-rs-1827/articleshow/134254181.cms)
- 2026-09-15 — BUSINESS: **Landmark NSE IPO threatens to hollow out India's unlisted share market** — The operator of the world's busiest derivatives market accounted for roughly half of the trading volume in the shadow market, according to an estimate by trading platform UnlistedZone — [Source](https://www.business-standard.com/markets/news/landmark-nse-ipo-threatens-to-hollow-out-india-s-unlisted-share-market-126091500111_1.html)
- 2026-09-15 — Economic Times: **Landmark NSE IPO threatens to hollow out India shadow market** — The National Stock Exchange's upcoming IPO will significantly boost India's primary market. This listing is expected to cause a major decline in the booming unlisted shares trade. Platforms facilitating these transactions must now find new investment opportunities. Wealthy individuals and funds previously bet on companies in the listing pipeline. The unlisted market saw growth with companies like Sterlite Electric and Garuda Aerospace. — [Source](https://economictimes.indiatimes.com/markets/ipos/fpos/landmark-nse-ipo-threatens-to-hollow-out-india-shadow-market/articleshow/134250443.cms)
- 2026-09-15 — The Hindu: **NSE IPO threatens to hollow out India’s unlisted shadow market** — The exchange accounts for roughly half of unlisted-market trading, and its public debut could sharply reduce activity in a market that has flourished on its long-delayed listing. — [Source](https://www.thehindubusinessline.com/markets/nse-ipo-threatens-to-hollow-out-indias-unlisted-shadow-market/article71466594.ece)
- 2026-09-15 — Mint: **Landmark NSE IPO Threatens to Hollow Out India Shadow Market** — The landmark listing of National Stock Exchange of India Ltd. is set to deliver a major boost to the country’s primary market, but it will be a significant blow to the booming trade in unlisted shares. — [Source](https://www.livemint.com/market/ipo/landmark-nse-ipo-threatens-to-hollow-out-india-shadow-market-11789437539366.html)
- 2026-08-31 — BUSINESSTODAY: **Bajaj Finance, HDB Financial, SHFL: 3 stocks to buy for up to 31% upside** — Bajaj Finance share price, HDB Finacnial share pricre, SHFL hare price, stocks to buy, NBFC stocks,Bajaj Finance stock price, SHFL stock price — [Source](https://www.businesstoday.in/markets/stocks/story/bajaj-finance-hdb-financial-shfl-3-stocks-to-buy-for-up-to-31-upside-552209-2026-08-31)
- 2026-08-27 — BUSINESSTODAY: **HDB Financial shares: After visiting Varanasi, broker gave 31% upside target; here's why** — HDB Financial shares, HDB Financial share price today, HDBFS shares,HDBFS share price, HDBFS news, HDB Financial news, HDB Financial target price — [Source](https://www.businesstoday.in/markets/stocks/story/hdb-financial-shares-after-visiting-varanasi-broker-gave-31-upside-target-heres-why-551775-2026-08-27)
- 2026-08-17 — Economic Times: **Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 23%** — There are currently too many variables that can move the markets in either direction. Oil prices may have settled into a range for now, but there is still no clarity on how the Gulf situation will develop. If uncertainty continues, oil prices may remain elevated. In such a scenario, it is probably best to be cautious; but be nimble enough to respond as things change. Our selected stocks for today depict a strong upward trajectory in their overall average score which is based on five key pillars:... — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stock-picks-of-the-week-5-stocks-with-consistent-score-improvement-and-upside-potential-of-up-to-23/articleshow/133290598.cms)
- 2026-07-23 — The Hindu: **Sensex today | Stock Market Live: Sensex falls 400 pts, Nifty slips to 23,800 in volatile trade; IndusInd Bank down 6%** — Sensex, Nifty, Share Prices LIVE: At 12:44 pm, Sensex traded 423.71  points or -0.55% lower at 76,331.34, while Nifty slipped 139.50 points (-0.58%) to 23,856.75. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-23-july-2026/article71253376.ece)
- 2026-07-21 — Mint: **SBI Funds prove big debuts can beat bad market days** — A Mint analysis of India's 20 largest IPOs shows market sentiment often shapes listing-day performance, though strong institutional demand can cushion even volatile market debuts. — [Source](https://www.livemint.com/market/stock-market-news/sbi-funds-management-ipo-sbi-funds-listing-ipo-listing-gains-ipo-listing-day-performance-largest-ipos-in-india-11784550778215.html)

## Business profile

**Strategic vision:** Diversified retail-focused non-banking financial company offering lending and BPO services.

### Business segments
- **Lending:** Offers a comprehensive portfolio of lending products across enterprise, asset, and consumer finance verticals.
- **Business Process Outsourcing (BPO) Services:** Provides back-office and front-office support services, including forms processing, document verification, contact center management, and collection services.
- **Fee-Based Products Distribution:** Distributes fee-based products such as life and general insurance, primarily to its lending customers.

### Competitive strengths
- Accredited with CARE AAA and CRISIL AAA ratings for long-term debt and bank facilities.
- Holds an A1+ rating for short-term debt and commercial papers.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/hdbfs
Markdown representation: https://faxioms.com/stocks/hdbfs?render=md