HDFC Bank Share Price

2024 - 1 - 18

HDFC Bank Stock Plummets: What's Behind the Dramatic Fall?

financial news - HDFC Bank - market volatility - stock market

HDFC Bank shares suffer a 12% crash in just 2 days, causing a market frenzy. Find out the reasons behind the downward spiral.

HDFC Bank's stock prices have taken a nosedive, plummeting over 12% in just two days after disappointing Q3FY24 results. The bank's American Depository Receipts (ADRs) plunged, contributing to its worst performance in three years. Analysts are closely monitoring the situation as the market reacts to the significant loss in HDFC Bank's valuation.

Investors are on edge as HDFC Bank's share price continues to slide, with concerns about further selling pressure looming. Emkay Global Financial remains bullish on HDFC Bank, giving a target price of Rs 2100 despite the recent downturn. The bank's quarterly results, which fell short of expectations, have sparked uncertainty among shareholders.

In a surprising turn of events, HDFC Bank's market capitalization reduced by a staggering Rs 1.3 lakh crore, highlighting the severity of the stock crash. The bank's net profit for Q3FY24 increased by 33.5% year-on-year, but the market response remains turbulent. Analysts predict a tumultuous period ahead for HDFC Bank as it navigates through the aftermath of its disappointing earnings.

As the dust settles from the recent market chaos, HDFC Bank investors are left pondering their next move amidst the uncertainty. Despite the challenges, experts foresee a potential recovery for the bank's stock in the coming months. Stay tuned for further developments as HDFC Bank strives to regain its footing in the volatile market.

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Image courtesy of "Livemint"

HDFC Bank ADR down over 8% after Q3FY24 results as Nifty 50 ... (Livemint)

HDFC Bank ADR: The decline in ADRs comes after domestic equity benchmarks Sensex and Nifty 50, witnessed their biggest single-day percentage loss since June ...

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Image courtesy of "Moneycontrol.com"

Buy HDFC Bank; target of Rs 2100: Emkay Global Financial (Moneycontrol.com)

Emkay Global Financial is bullish on HDFC Bank has recommended buy rating on the stock with a target price of Rs 2100 in its research report dated January ...

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Image courtesy of "The Economic Times"

Rs 1 lakh-crore loss! HDFC Bank shares record worst day since ... (The Economic Times)

HDFC Bank, India's second most-valued stock, recorded its worst daily performance since the Covid crash 3 years ago, falling 8.5% and causing a market crash ...

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Image courtesy of "Business Today"

HDFC Bank: Nifty Bank nosedives over 2000 points, logs worst ... (Business Today)

The Nifty Bank index settled 2,060.65 points lower at 46,064, registering its biggest single-day fall since March 2022. Other banking majors including Kotak ...

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Image courtesy of "Economic Times"

News Updates: More pain ahead? HDFC Bank ADRs slump 8 ... (Economic Times)

Stay updated with the HDFC Bank Stock Liveblog, your one-stop destination for real-time information and analysis of a leading stock.

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Image courtesy of "BQ Prime"

HDFC Bank's Biggest Fall In Nearly Three Years Weigh On ... (BQ Prime)

Shares of HDFC Bank Ltd. slumped over 7% on Thursday after its third-quarter net interest margin missed analysts' estimates. The private lender's net profit ...

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Image courtesy of "Bloomberg"

HDFC Bank Drops Most Since March 2020 as Results Disappoint (Bloomberg)

HDFC Bank Ltd.'s shares tumbled the most in more than three years after India's largest private sector lender reported earnings that signaled a slowdown in ...

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Image courtesy of "Moneycontrol.com"

HDFC Bank ADR plummets for 2nd day after quarterly earnings ... (Moneycontrol.com)

HDFC Bank shares on January 17, after a day of earnings announcement, plummeted 8.44 percent to settle at Rs 1537.50 on the NSE, in the Indian markets.

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HDFC Bank ADRs plunge 9% overnight! More selling ahead for ... (Business Today)

HDFC Bank had announced its quarterly results on Tuesday. Elara Securities sees time correction for the stock that has fall 9.18 per cent in January so far.

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Image courtesy of "Zee Business"

HDFC Bank share price target revised post Q3; should you buy? (Zee Business)

HDFC Bank reported a standalone net profit of Rs 16,372.5 crore for Q3 FY24. Its quarterly net profit increased 33.5% on a YoY basis.

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HDFC Bank's US-listed shares shed another 9%, drop to the lowest ... (CNBCTV18)

The fall in HDFC Bank's shares on Dalal Street resulted in the lender wiping out ₹1.1 lakh crore from its overall market capitalisation in a single trading ...

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HDFC Bank share price extends decline; plunges over 10% in two ... (Livemint)

HDFC Bank's US-listed shares (American Depository Receipts) plunged 9.1% to $55.5 overnight, witnessing its biggest single-day drop since March 2020.

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Image courtesy of "Moneycontrol.com"

HDFC Bank shares extend fall; down 10% in 2 days as Q3 results ... (Moneycontrol.com)

HDFC Bank's fall came after the lender reported a key miss in net interest margins (NIM) in Q3FY24 due to higher cost of funds.

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Image courtesy of "Zee Business"

HDFC Bank shares continue to slide; what should investors do after ... (Zee Business)

HDFC Bank share price: Nonetheless, the analyst expects a recovery in the stock going ahead and sets a one-year target of Rs 1700 on the stock, ...

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Image courtesy of "Economic Times"

HDFC Bank Share Price Today Live Updates: HDFC Bank Records ... (Economic Times)

Discover the HDFC Bank Stock Liveblog, your ultimate resource for real-time updates and insightful analysis on a prominent stock. Keep track of HDFC Bank ...

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Image courtesy of "India Today"

HDFC Bank shares continue to slide for 2nd straight day. Know why (India Today)

Shares of HDFC Bank continued to fall on Thursday after its market capitalisation eroded by almost Rs 1 lakh crore in the previous trading session after its ...

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Image courtesy of "The Economic Times"

hdfc bank stock crash: HDFC Bank shares tank 12% in 2 days in Rs ... (The Economic Times)

HDFC Bank shares fell as dip buyers were insufficient following Wednesday's crash, resulting in a loss of Rs 1.3 lakh crore in market capitalisation.

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