Shares of leading private banks are under pressure, having fallen around 5 per cent due to profit-booking following the announcement of their financial results for the April-June quarter of FY27. The sharp fall also comes amid a decline in benchmark indices Sensex and Nifty, driven by a surge in crude oil prices amid fresh tension between the US and Iran. Brent crude, the global oil benchmark, was quoted 2.41 per cent higher at USD 90.22 per barrel. The 30-share BSE Sensex tanked 523.22 points to 77,628.23 in early trade. The 50-share NSE Nifty declined 134.10 points to 24,198.25.
HDFC Bank share price
The stock opened gap down at Rs 780.85, a loss of 4.73 per cent from the previous close of Rs 819.65 on the BSE. The scrip fell further and touched an intraday low of Rs 777.5, representing a drop of 5.14 per cent from the last closing price. Last seen, the scrip was trading at Rs 784.05 with a drop of 4.34 per cent, and the market cap of the company stood at Rs 12,07,464.08 crore.
The bank has reported a 5 per cent increase in standalone profit to Rs 19,060 crore for the June quarter. The country’s largest private-sector lender had earned a net profit of Rs 18,155 crore in the year-ago period. However, the bank’s total income during the quarter under review dropped to Rs 92,184 crore from Rs 99,200 crore in the same period a year ago, HDFC Bank said in a regulatory filing.
