Stockal Fraud Case: HDFC Securities Says It Is Not An Accused, Partnership Ended In 2024
HDFC Bank secured new business.
· NDTV Profit
In an exchange filing, HDFC Securities said its operational partnership with Stockal had ended in 2024 and stressed that customer trust and regulatory compliance remained central to its operations.
The analysis
Against that, the stock is +0.9% on the day at ₹732.20, and has returned -3.6% over three months. It sits 28% below its 52-week high, which means a good deal of bad news was already in the price. The banks sector has moved -7.4% over the same period, so HDFC Bank is running 3.8 points ahead of 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.
Market context
- In focus: HDFC Bank (HDFCBANK), in Banks.
- Over three months: HDFC Bank -3.6% against Banks -7.4% (3.8 points ahead).
- At least 25% below the 52-week high: HDFC Bank (28%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| HDFC BankHDFCBANK · Banks | ₹732.20 | +0.9% | +0.6% | -3.6% | -27.5% | 0.9× | — |
Banks
1M -2.7% · 3M -7.4%
HDFC Bank
Prices as of 4 Nov 2026, 11:07 IST. Sector moves are the average of the stocks we track in each sector.
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