Tag: HDFCBANK
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Why is HDFC Bank Stock Falling Today? Nomura Shares Target Price Analysis !
HDFC Bank Ltd, the third most valuable stock in India, experienced a significant decline on Friday, with a decrease of over 4 per cent resulting in a loss of Rs 53,000 crore in market capitalization. This drop was attributed to the lender’s business update for the June quarter, specifically regarding loans and advances as well…
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Despite strong Q3 profit growth, HDFC Bank shares experienced a 7% decline.
In the early hours of Wednesday, HDFC Bank witnessed a significant drop of nearly 7 percent in its shares, resulting in a loss of over Rs 76,000 crore in market capitalisation. However, despite this setback, the bank managed to report better-than-expected Q3 profit growth. By 10:23 am, the shares of the largest bank in the…