HDFC Bank Crashes 5% Amid Earnings Hiccups; Jefferies and Nomura Predict Up to 28% Surge
The stock of HDFC Bank saw a significant decline on Monday, trading down over 5% as investors processed Q1 FY27 results. The drop wiped out nearly ₹70,000 crore from the bank's market value. This sell-off occurred despite several international and domestic brokerages maintaining bullish 'Buy' ratings on the stock.HDFC Bank closed at an intraday low of ₹774.55 per share, with its market capitalization falling below ₹11.93 lakh crore. While the bank saw a 5% year-on-year (YoY) rise in net profit to ₹19,060 crore for the quarter, lingering concerns over interest margins and competitive landscape created volatility in the stock price.Q1 Financial...