Whalesbook
HDFC Bank shares extended their recent slide on Wednesday, falling 1.44 percent after a significant block trade saw approximately 0.1 percent of the lender's equity change hands for Rs 1,756 crore. The transaction involved 1.84 crore shares trading at an average price near Rs 950.
The stock's intraday dip to Rs 948.35 added to losses over the preceding two sessions, where it had dropped nearly 3.9 percent cumulatively. This downturn follows the bank's Q3 FY26 business update, which has made it a notable drag on benchmark indices.
Large Trade Execution
The massive trade underscores significant institutional activity. While HDFC Bank reported a 9.8 percent year-on-year increase in period-end advances under management to Rs 29.46 lakh crore for the December quarter, the market's focus has shifted to its deposit-taking capabilities.
Deposit Growth Worries
Brokerages, including Nomura, have highlighted concerns about the pace of deposit accretion. They point out that the credit-deposit ratio climbed close to 100 percent during the quarter. This elevated ratio suggests a tightening liquidity position, requiring stronger deposit inflows to fuel the bank's substantial loan growth momentum, which stood at 11.9 percent year-on-year for gross advances.
Despite the recent volatility, HDFC Bank's stock has gained approximately 10.7 percent over the past year, slightly outpacing the Nifty 50. The bank currently commands a market capitalization of around Rs 14.58 lakh crore.