HDFC Bank shares bounce back after rate hike blow; YTD loss tops 29%
HDFC Bank’s market capitalisation stands at ₹10,85,392.16 crore
On Friday, HDFC Bank's shares rebounded, climbing 1.69 percent to ₹703.95 on the National Stock Exchange after experiencing a 1 percent drop to ₹684.25 the previous day due to the Reserve Bank of India increasing the repo rate by 25 basis points to 5.50 percent. The stock commenced trading at ₹696.60 and reached a peak intraday price of ₹706.40, although selling pressure dominated at 61.31 percent of the total traded volume.
The total traded volume reached 99.47 lakh units, resulting in a traded value of ₹698.47 crore. The company's market capitalization stood at ₹10,85,392.16 crore, with an adjusted price-to-earnings ratio of 13.32. Despite the Friday surge, HDFC Bank's stock continues to face significant challenges, having plummeted approximately 29 percent year-to-date and roughly 28 percent over the past year.
Its 52-week high of ₹1,020.50 was recorded on October 23, 2025, while the 52-week low of ₹681.90 was reached on September 11, 2026. Market analysts anticipate additional rate hikes, with Goldman Sachs forecasting the terminal repo rate at 6.25 percent and Kotak Securities predicting a further 50 basis points of tightening. Bernstein, however, rates HDFC Bank as 'outperform', highlighting the stock as possessing the most significant valuation gap and upside among Indian private-sector banks, alongside ICICI Bank and Axis Bank.
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