HDFC Bank Ltd is currently trading at Rs 927.15, reflecting a decline of 0.56% as of 13:19 IST on the National Stock Exchange (NSE). This drop marks the fifth consecutive day the stock has fallen. Over the past year, HDFC Bank has seen a growth of 8.64%, although this lags behind a 12.51% rise in the broader NIFTY index and a notable 22.64% increase in the Nifty Bank index.
In the immediate one-month period, HDFC Bank’s stock has eased by approximately 1.05%. In contrast, the Nifty Bank index, of which HDFC Bank is a key member, has managed a gain of about 2.07%, currently trading at 60626.4 and up 0.09% for the day. The trading volume for HDFC Bank today was reported at 169.4 lakh shares, well below the daily average of 319.64 lakh shares over the last month.
For those observing futures, the benchmark February futures contract for HDFC Bank is priced at Rs 931.25, down 0.49% on the day. The stock’s price-to-earnings (PE) ratio stands at 19.63, based on trailing twelve months earnings ending December 25.
Despite the short-term challenges in the market, the long-term performance of HDFC Bank appears encouraging, with a year-over-year increase still reflecting resilience in the face of current volatility. Investors may want to keep a close watch on possible trends and opportunities in the coming periods.