HDFC Bank shares hit 52-week low amid selling pressure. The stock fell 4 percent to ₹821.50 on the NSE before recovering slightly to ₹834.20, down 3 percent from previous close. Bank Nifty declined 4 percent in today's trade. The sharp correction reflects ongoing concerns about margin pressures and deposit mobilisation challenges facing the banking major. Despite the weakness, Kotak Institutional Equities upgraded HDFC Bank to buy with a target price of ₹1,050, citing attractive valuations after the recent decline. The brokerage believes downside risks appear limited at current levels but notes that meaningful outperformance would require stronger visibility on improvement in the bank's liability franchise and net interest margins expansion. Investors remain focused on these key metrics for potential re-rating.
