HDFC Bank falls 1.5% post Q2 show; analysts say worst over; eyes on new CEO
HDFC Bank moved higher in a quarterly results development for FY27.
· Business Standard Mkts
HDFC Bank share price: HDFC Bank reported a 4.7 per cent year-on-year (YoY) increase in net profit to ₹19,510 crore in the second quarter of FY27.
Key facts
- Period
- FY27
The analysis
HDFC Bank reported ₹19,510 crore for FY27, with movement of 1.5% and 4.7% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -2.3% on the day at ₹712.00, and has returned -9.8% over three months. It sits 30% below its 52-week high, which means a good deal of bad news was already in the price. The banks sector has moved -3.1% over the same period, so HDFC Bank is running 6.7 points behind its peers.
For HDFC Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- The company directly in focus is HDFCBANK.
- Sector exposure: Banks.
- The immediate tone of coverage reads negative.
In this story
Related coverage
HDFC Bank Vs ICICI Bank Vs Axis Bank: Here's What To Expect Ahead Of Q2 Earnings
HDFC Bank shares fall 2% after Q2 results. What are Jefferies, Motilal Oswal analysts saying?
Mcap of nine of top-10 most valued firms surges by ₹3.65 trn, TCS shines
HDFC Bank Q2 Review: Brokerages See Margin Support, But Execution Risks Remain
Stocks in news: Vedanta, HDFC Bank, ICICI Bank, Axis Bank, HFCL, IREDA, Zen Tech and Oil India