HDFC Bank’s stock price dropped by ₹57.25 or 3.15% on Monday, April 7, to close at ₹1,760.05. The decline occurred during a broad Indian equity sell-off that resulted from worldwide economic instability and investor fear escalation.
The BSE Sensex dropped almost 3% while the Nifty 50 suffered substantial decline during the day. The Nifty index suffered an 88-point decline because of HDFC Bank which became one of the leading causes of the market’s decline.
The trading activity for HDFC Bank increased substantially throughout the session because more than 780,000 shares changed hands above the 50-day average. The stock price has dropped 6.5% since December 2024 when it reached its 52-week high of ₹1,880.
Market analysts show positive views about the bank’s future despite the current negative market trend. The brokerage firms maintain HDFC Bank as a top weekly stock pick while setting a target price of ₹2,050 which indicates a 13% growth potential from current market prices.
Investors should maintain a cautious stance because of current market instability while monitoring economic indicators that could affect future price fluctuations.
