HDFC Bank Stock Update: Share Price Slips Further on Q1 Aftermath
HDFC Bank (HDFCBANK) share price is trading at ₹744.90, down -1.10%, as the stock extends its decline amid lingering Q1 results concerns and broader banking sector profit booking.
HDFC Bank (NSE: HDFCBANK) is witnessing continued selling pressure in intraday trade, currently trading at ₹744.90, down -1.10% from its previous close of ₹753.15. The banking heavyweight opened lower at ₹749.40 and touched an intraday high of ₹750.00 before sliding to a low of ₹744.80. The downward move comes on robust volume of 4,777,493 shares, indicating significant investor activity as the stock extends its recent losses.
| HDFCBANK – Stock Updates as of (9:38AM, 23 Jul 2026) | |||
LTP ₹744.90 | Open ₹749.40 | High ₹750.00 | Low ₹744.80 |
52W High ₹0.00 | 52W Low ₹0.00 | Volume 4,777,493 | % Chg -1.10% |
52-Week Context
Information regarding HDFC Bank's 52-week high and low is currently unavailable. However, the stock has been under considerable pressure this year, having declined nearly 24% year-to-date and standing among the worst performers in the NIFTY50 pack. Today's move further challenges critical support levels, with technical analysts flagging ₹740 as a key level to watch for potential stabilization.
Latest Developments
The current decline in HDFC Bank's share price appears to be a confluence of recent factors, extending a bearish trend that has seen the stock fall for three consecutive sessions, shedding approximately 8% since Friday's close.
A significant development today is the bank's announcement of fully resolving its ₹1 lakh crore builder loan portfolio, which it inherited from HDFC Ltd after their 2023 merger. This strategic move aims to lower credit risk within the bank's non-retail segment and is a positive for its long-term asset quality. Despite this, the market reaction suggests broader concerns are overshadowing this positive clean-up exercise.
The stock continues to grapple with the aftermath of its Q1 FY27 earnings, announced on July 18, which revealed a 5% growth in net profit to ₹19,060 crore. While loan momentum and deposit growth were highlighted, investor sentiment was impacted by a fall in Net Interest Margin (NIM) to 3.26%. This performance was seen as tepid compared to competitors like ICICI Bank and Axis Bank, which reported significantly higher profit growth in the same quarter, leading to several brokerages downgrading their ratings on HDFC Bank.
Adding to the pressure, the broader banking index is experiencing sharp profit booking today. While the RBI's July 2026 bulletin indicated resilience in the Indian economy, supported by healthy demand and credit expansion, rising retail inflation remains a concern that could indirectly impact the financial sector. Despite the prevailing bearish trend in the cash market, derivatives activity shows heavy call option interest around the ₹780 and ₹800 strike prices for the near term, signaling some speculative bets on a potential rebound.
Outlook
Investors will be closely watching if the stock can hold the ₹740 support level for the remainder of the session, as the broader banking sector sentiment and any further institutional action will dictate HDFC Bank's immediate trajectory.
Disclaimer: The information provided in this article is based on news reports and is not intended as investment advice. Investing in stocks involves risk. LatestLY advises its readers to consult with a financial advisor before making any investment decisions.
(The above story first appeared on LatestLY on Jul 23, 2026 09:37 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
