HDFC Bank shares saw a recovery on Thursday after touching a new 52-week low of ₹669.20. Buying interest surged, with buy orders accounting for over 75 percent of the trading volume. Investors are now assessing whether this price level offers value, given the stock's 31 percent decline since the start of 2026.
HDFC Bank shares staged a recovery on Thursday after sliding to a fresh 52-week low of ₹669.20 during the session. The stock price rose to ₹686.45 by midday as investors sought to purchase shares at lower valuations. This rebound comes after a challenging year for the country's largest private lender, which has seen its market value decline by nearly 31 percent since the beginning of 2026.
Trading data indicated a shift in sentiment during the morning session. Buy orders made up 75.55 percent of the total volume, significantly higher than the 24.45 percent seen in sell orders. By mid-session, 79.06 lakh shares had been traded, with a delivery rate of 60.40 percent. This volume suggests that some institutional investors may be accumulating shares at current price points.
The stock's movement closely followed the volatility in the Bank Nifty index. After testing a low of 53,626, the index rebounded by more than 550 points to trade near 54,250. HDFC Bank, which currently has a market capitalization of ₹10,55,797 crore, remains a significant driver of index performance. Analysts are watching technical levels, with resistance for the Bank Nifty identified between 54,500 and 54,750, while support is anchored in the 53,620 to 53,950 range.
HDFC Bank is currently navigating a period of transition under the leadership of MD and CEO Anup Bagchi. While the stock is trading at a price-to-earnings ratio of 13.20—a notable discount compared to its historical averages—the broader bearish sentiment has persisted throughout the year. The bank has yet to announce a major growth catalyst that would fundamentally alter this trend. As the year approaches its final quarter, the primary question for investors is whether the current buying interest represents a sustainable bottom or a temporary technical correction. Moving forward, the market will likely focus on the bank's operational performance, deposit growth, and management commentary to gauge if the recovery can be sustained.