HDFC Bank shares drop 2%. What lies ahead as lender set to announce Q1 earnings this week?

HDFC Bank shares fell 2% to Rs 811 ahead of its Q1 FY27 earnings announcement scheduled this Saturday, with market cap declining to Rs 12.49 lakh crore. The lender's Q1 business update showed gross advances rising 15.4% year-on-year to Rs 30.61 lakh crore, while advances under management grew around 12.4% to about Rs 31.27 lakh crore. Motilal Oswal has reiterated a Buy rating with a target price of Rs 1,100, citing strong MSME credit demand and the bank's leadership in HCV and MHCV segments, though the stock has corrected nearly 18% so far in 2026.