HDFC Bank Stock Gains 0.52% to ₹1,874.60 in Early Trade – 16 April 2025
HDFC Bank shares rose by 0.52% to ₹1,874.60 in morning trade, reflecting renewed interest in private banking counters amid market consolidation.
Key Highlights:
HDFC Bank Ltd. (NSE: HDFCBANK) saw its stock move up by ₹9.70 (0.52%) to settle at ₹1,874.60 in early trade today, April 16, 2025. This gain came as the broader banking space witnessed slight buying interest ahead of quarterly earnings season.
Intraday Market Snapshot
- Previous Close: ₹1,864.90
- Open: ₹1,883.80
- Day’s High: ₹1,883.80
- Day’s Low: ₹1,869.00
- Last Traded Price (LTP): ₹1,874.60
Fundamental Metrics
- Market Capitalization: ₹14.35 Lakh Crore
- P/E Ratio: 20.60
- Dividend Yield: 1.04%
- 52-Week High: ₹1,883.80
- 52-Week Low: ₹1,426.80
Key Factors Behind the Uptick
- Pre-Earnings Momentum: Investors are building positions ahead of HDFC Bank’s Q4 earnings report, expected later this month.
- Bank Nifty Support: Private banks are offering technical support to the Bank Nifty, with HDFC Bank playing a leading role.
- High Liquidity: HDFC Bank remains among the top picks for institutional investors owing to its consistent performance, robust digital lending portfolio, and cost-efficient deposit base.
Technical Outlook
The stock opened at the 52-week high of ₹1,883.80 and dipped marginally before finding strong support near ₹1,869. A rebound from there has positioned it again in the bullish zone.
The immediate resistance now lies at ₹1,885–₹1,890. Sustaining above this could lead to a breakout toward ₹1,900+. However, a fall below ₹1,868 may shift sentiment toward mild correction.
Support and Resistance Levels
- Support Zones: ₹1,869, ₹1,855
- Resistance Levels: ₹1,885, ₹1,900
A move past ₹1,885 with strong volumes could mark a bullish continuation, potentially triggering F&O interest.
Analyst Take: HDFC Bank’s Momentum Looks Intact
HDFC Bank’s 0.52% gain today signals a healthy recovery after some recent sideways action. Investors remain confident in the bank’s long-term fundamentals, including superior CASA ratio, retail lending expansion, and post-merger synergies with HDFC Ltd.
For short-term traders, ₹1,868 is the level to watch, while long-term investors may look to accumulate on dips for targets above ₹2,000 over a 3–6 month horizon.
The Hindustan Herald Is Your Source For The Latest In Business, Entertainment, Lifestyle, Breaking News, And Other News. Please Follow Us On Facebook, Instagram, Twitter, And LinkedIn To Receive Instantaneous Updates. Also Don’t Forget To Subscribe Our Telegram Channel @hindustanherald
