HDFC Bank shares fell nearly 1% in trading, extending losses for a sixth consecutive session. The decline comes despite steady growth in deposits and advances in Q3 FY26, with investor caution driven by broader market weakness, geopolitical concerns, and anticipation of the bank’s upcoming quarterly results.
HDFC Bank Ltd, India’s largest private sector lender, witnessed a 1% drop in its share price, continuing a downward trend seen over the past week. The decline reflects investor caution ahead of the bank’s Q3 earnings announcement, scheduled later this month. While the bank reported strong deposit growth and healthy advances in its business update, market sentiment remains subdued due to external factors.
Key highlights from the announcement include
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Shares fell nearly 1% on January 12, marking the sixth straight session of losses.
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Stock traded around Rs 930, down by Rs 8.7 intraday.
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Broader market weakness and geopolitical concerns weighed on investor sentiment.
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Q3 business update showed deposits rising 12.2% year-on-year and advances up 9%.
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Despite festive season support, the stock slipped as investors await detailed earnings.
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Analysts note that upcoming results will be critical in shaping near-term stock performance.
The decline underscores the sensitivity of banking stocks to both macroeconomic conditions and investor expectations. With strong fundamentals but cautious sentiment, HDFC Bank’s upcoming Q3 results will be closely watched to determine whether the stock can regain momentum.
Sources: ET Now, Financial Express, MSN News