HDFC Bank Shares Crash 5%, Wiping Out ₹70,000 Cr; Analysts Still Bullish

Summary

HDFC Bank shares plummeted 5% after its Q1FY27 earnings failed to impress investors, wiping out approximately Rs 70,000 crore in market value. Despite the sharp decline and margin pressure, brokerages like Jefferies and Nomura maintain bullish ratings, projecting up to 28% upside.