HDFC Bank Stock Update: Shares Dip 0.67% Amidst Probe Reports
HDFC Bank (NSE: HDFCBANK) share price is down 0.67% at ₹753.60 today, as concerns from recent reports of an internal probe continue to weigh on the stock.
HDFC Bank (NSE: HDFCBANK) is currently trading at ₹753.60, registering a marginal decline of 0.67% in today's session. The stock opened at ₹746.05, touched an intraday high of ₹760.50, and a low of ₹746.05, demonstrating a relatively tight trading range. This subdued performance follows its previous close of ₹758.65. Volume activity for the day stands at 25,784,399 shares, indicating a healthy turnover, albeit with the stock trending downwards.
| HDFCBANK – Stock Updates as of (1:18PM, 29 May 2026) | |||
LTP ₹753.60 | Open ₹746.05 | High ₹760.50 | Low ₹746.05 |
52W High ₹0.00 | 52W Low ₹0.00 | Volume 25,784,399 | % Chg -0.67% |
52-Week Context
With the 52-week high and low data not immediately available, HDFC Bank's current price movement cannot be directly assessed against its annual trading range. However, the stock's intraday activity shows it hovering below its previous closing price, suggesting a continuation of recent downward pressure rather than testing any significant annual resistance or support levels based on the provided data.
Latest Developments
The slight dip in HDFC Bank's share price appears to be influenced by lingering concerns following recent media reports. On May 27-28, 2026, news outlets reported on an alleged internal probe into a ₹45 crore payment made by HDFC Bank to a state transport firm, reportedly disguised as "marketing expenses" to attract large deposits. This news had initially caused the stock to fall by 2.5-2.6% on May 27, erasing a significant portion of its market capitalisation.
HDFC Bank has since clarified its position to both the NSE and BSE. The bank stated that its internal audit function regularly reviews such matters, and the specific issue in question has been comprehensively addressed. Furthermore, HDFC Bank affirmed that this matter does not have a material impact on its financial statements, highlighting robust internal controls and governance, and consequently, no disclosure requirement under Regulation 30 of SEBI's Listing Regulations is triggered. Despite the bank's clarification, the news appears to be contributing to a cautious sentiment among investors, weighing on the stock's performance.
In a broader context, the Reserve Bank of India (RBI) has recently reiterated the strong health and resilience of India's banking sector for fiscal year 2025-26, noting healthy balance sheets, improved asset quality, and robust capital buffers. The RBI also projects a positive economic outlook for 2026-27, underpinned by strong macroeconomic fundamentals. While this positive sector-wide outlook provides a supportive backdrop, the stock-specific concerns seem to be the more immediate driver for HDFC Bank today. Additionally, analysts at Univest had issued a bearish prediction for HDFC Bank for May 29, citing a potential GIFT Nifty gap-down. The bank also recently recommended a final dividend of ₹13 per share for FY26, with a record date set for June 19, 2026, which typically is a positive indicator, but seems to be currently overshadowed.
Outlook
Investors will be closely watching for further clarity on the reported probe, as well as broader market sentiment for the banking sector for the remainder of the trading session. The stock's ability to hold above its intraday low could be a key indicator for its short-term 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 May 29, 2026 01:18 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
