HDFC Bank Shares Fall 0.6% Despite Positive Brokerage Commentary Post-RBI Policy
HDFC Bank shares fell 0.6% to ₹959.50, with sell quantity exceeding buy quantity. Jefferies maintains a positive stance on HDFC Bank and other private banks. The banking sector faces challenges in Q2, including tepid credit growth and margin pressures, but analysts expect improvement in the second half. HDFC Bank's market cap stands at ₹14.74 lakh crore.

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HDFC Bank shares declined 0.6% to ₹959.50 during trading, opening at ₹952 near the day's low with sell quantity exceeding buy quantity at 8.24 lakh versus 6 lakh shares. Jefferies maintained its positive stance on HDFC Bank along with Axis, ICICI, and SBI, noting that unchanged interest rates provide relief for private banks.
Brokerage Insights
Jefferies highlighted that the upcoming ECL (Expected Credit Loss) transition starting April 2027 will result in one-time charges, though the impact can be partially offset through lower risk weights over five years. Naveen Kulkarni from Axis Securities PMS said RBI's decision to keep repo rates unchanged was expected, noting GST rate rationalization should support festive season consumption while US tariff-related headwinds remain concerning.
Banking Sector Outlook
The banking sector's second quarter is expected to remain challenging with:
- Tepid credit growth
- Margin pressures
- Weaker treasury performance
- Higher credit costs
Analysts anticipate improvement from the second half with NIMs (Net Interest Margins) expected to bottom out, supported by deposit repricing and CRR (Cash Reserve Ratio) cut.
HDFC Bank Performance
HDFC Bank has traded between ₹806.50 and ₹1,018.85 over the past year with current market capitalization at ₹14.74 lakh crore.
Historical Stock Returns for HDFC Bank
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+0.11% | +1.45% | +5.39% | +4.87% | +16.23% | +63.26% |