HDFC Bank Reports Today With Bulls Still in Charge

HDB delivers its Q1 FY2027 results today with options traders still positioned on the bullish side — though the call-heavy skew has moderated slightly since the last preview four days ago.

The options market remains the most readable signal heading into the print. The put/call ratio has edged up to 0.50 from 0.52 at the time of the prior article, but remains well below its 20-day average of 0.59 — more than one standard deviation beneath that mean. That gap reflects continued call demand relative to puts, even as the stock has given back a fraction of its recent gains. The ADR closed at $26.38 on Thursday, down less than half a percent on the day and off about 0.5% on the week, after a 4.4% rally over the past month. The near-term drift is flat rather than directional, which is consistent with a market waiting on the print rather than making a fresh bet.

The lending market adds no meaningful bear signal. Availability has expanded sharply — now above 9,000%, meaning roughly 90 shares remain available to borrow for every one currently lent out. That is more than double the level seen just a week ago and comfortably above the 52-week trough of 421%. Cost to borrow has crept up about 7.5% over the week to 0.43%, but remains categorically low. Short interest jumped roughly 26% between July 9 and July 10 and has since held near that elevated level, but the absolute float percentage is negligible given the stock's enormous share base. The short score at 28.5 is low and has barely moved over the past ten days — consistent with a stock where bears are present but not pressing.