{
  "id": 13058692,
  "title": "HDFC Bank shares bounce back after rate hike blow; YTD loss tops 29%",
  "url": "https://urgent.news/2026/10/09/hdfc-bank-shares-bounce-back-after-rate-hike-blow-ytd-loss-tops-29",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-09T07:01:34.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/stock-markets/hdfc-bank-shares-bounce-back-after-rate-hike-blow-ytd-loss-tops-29/article71562937.ece"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "HDFC Bank’s market capitalisation stands at ₹10,85,392.16 crore",
  "key_points": [
    "HDFC Bank shares rise 1.69% to ₹703.95 after RBI rate hike",
    "Stock down 29% YTD and 28% over past year",
    "Analysts see potential upside, rate hikes anticipated"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}