HDFC Bank shares near ₹728 ahead of Q2 results; Sell orders at 77%
The stock opened at ₹727.90, touched an intraday high of ₹734.90 and a low of ₹726.05, against a previous close of ₹726.85.
HDFC Bank shares edged up 0.14% on Friday to ₹727.90 on the NSE, a day before the bank releases its Q2FY27 results. The stock traded within a range of ₹726.05 to ₹734.90, with selling pressure dominating at 77.11% of the traded volume compared to 22.89% on the buy side. Trading volume hit 218.24 lakh units, with a turnover of ₹1,594.24 crore, the highest in the week's trading sessions.
HDFC Bank's market capitalisation rose to ₹11,22,473.89 crore, and the adjusted P/E ratio stood at 13.99. Bank Nifty opened close to 55,927, with immediate resistance at 56,000–56,100 and support between 55,000–55,200. The Relative Strength Index (RSI) remains in the mid-40s, indicating momentum has yet to decisively turn bullish.
Over the week, the stock has risen by 2.92%, recovering from its September lows. However, year-to-date, it remains down by 26.56%, significantly below its 52-week high of ₹1,020.50. As the Q2FY27 results approach on Saturday, investors are closely watching net interest margins, credit growth trajectory, and management commentary on the RBI's rate-tightening cycle.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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