Beyond 1:1 bonus issue, why HDFC Bank shares remain top pick after Q1 results

HDFC Bank's first bonus issue attracts investors. Brokerages view the bank's fundamentals as strong. They expect stronger growth in the second half of FY26. This growth will be aided by loan demand and easing regulations. The bank's Q1 results show a profit increase. Loan growth is expected to improve. Target prices have been raised across the board.