HDFC Bank shares edge higher on UBS Buy call; Q2 results in focus
AI Summary
HDFC Bank's marginal rise amid significant sell-side pressure suggests cautious investor sentiment, particularly as it remains down over 25% year-to-date. The recent Buy rating from UBS and optimistic growth projections could attract long-term investors looking for value, especially if the upcoming Q2 results meet expectations. However, the prevailing sell pressure indicates that many investors are still wary, highlighting the importance of monitoring broader market conditions and sector performance before making investment decisions.
Shares of HDFC Bank were trading marginally higher on Wednesday, up 0.41 per cent at ₹741.65 as of 12.20 pm, after opening at ₹735.65 on the NSE.
The stock touched an intraday high of ₹742.80 and a low of ₹734.00, with traded volume at 131.70 lakh shares and a traded value of ₹973.48 crore. Total market capitalisation stood at ₹11.43 lakh crore.
Original Article
Published on Hindu BusinessLine
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This is a market news update from Hindu BusinessLine, published on 23 September 2026.
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