India's HDFC Bank on track for worst week since January 2024 on margin woes
24/07/2026 08:33
BUZZ-India's HDFC Bank on track for worst week since January 2024 on margin woes ** Shares of HDFC Bank HDBK.NS drop about 9% for the week, on track for their worst week since January 2024
** Drop after India's top private lender's Q1 results on Saturday disappointed investors on margin woes
** Stock down 0.2% at 746.05 rupees on the day
** HDBK biggest weekly loser on banks index .NSEBANK and benchmark Nifty 50 .NSEI, which are down 3.1% and 2.2%, respectively
** Avg rating of 39 analysts on HDBK at "strong buy"; median PT is 1,017.50 rupees - LSEG-compiled data
** YTD, stock down about 25%, underperforming banks index's 4.8% drop and Nifty 50's about 9% fall
(Reporting by Kashish Tandon in Bengaluru)
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