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Source: The Hindu BusinessLine

The Hindu BusinessLine
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Banking Sector
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2 min
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15 Oct
Published
Banking Sector
2 min read· The Hindu BusinessLine

HDFC Bank shares surge 1.60% to ₹722 as Q2 results weekend nears

Despite the price gains, selling pressure remained firm, with 66.35% of traded volume on the sell side……

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HDFC Bank shares climbed 1.60 per cent to ₹722.10 on the NSE as of 12:16 IST on Thursday, rising from a previous close of ₹710.70. The stock opened at ₹715.00, touched an intraday high of ₹725.75 and held a low of ₹710.70. Traded volume was notably elevated at 202.96 lakh units, more than double Tuesday’s volume, with traded value reaching ₹1,461.09 crore, signalling heightened pre-result activity.

Despite the price gains, selling pressure remained firm, with 66.35 per cent of traded volume, 19,16,800 units, on the sell side against 33.65 per cent on the buy side. Market capitalisation rose to ₹11,13,376.91 crore. The adjusted P/E stood at 13.68.

Also read: IT stocks lift Nifty as Adani, Metal stocks slide amid global sellof

The stock has gained 4.31 per cent over the past week, in line with the broader Bank Nifty’s weekly gain of 3.28 per cent. Bank Nifty opened near 55,446 on Thursday, with 55,600 acting as immediate resistance and 55,000 as near-term support. The RSI is approaching 50, suggesting improving but unconfirmed momentum.

HDFC Bank’s year-to-date loss stands at 27.15 per cent, against its 52-week high of ₹1,020.50. The stock is now trading roughly 41 rupees above its 52-week low of ₹681.90, hit on September 11, 2026.

Q2FY27 results are due on Saturday, October 17, with markets closely watching net interest margins, credit costs and management guidance on the rate-tightening cycle.

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Source: The Hindu BusinessLine