HDFC Bank began trading ex-bonus on Tuesday after its first-ever 1:1 bonus issue, granting shareholders one extra share for each held. The stock slipped 1% to ₹972.8 in early trade, adjusted for the bonus from Monday's close of ₹1,969.2. Despite higher provisions and slight asset-quality pressure in Q1, shares remain up 10% in 2025, with retail sentiment bullish.