Key Highlights:
On Monday, 8 April 2025, HDFC Bank Ltd witnessed a modest gain during early trade, aligning with the bullish sentiment across Indian equities. The stock opened at ₹1,765.00 and closed the early session at ₹1,764.95, reflecting a rise of ₹7.25 or 0.41% compared to the previous close of ₹1,757.70.
Intraday Performance
- Opening Price: ₹1,765.00
- Day’s High: ₹1,779.50
- Day’s Low: ₹1,758.05
- Current Price (as of 10:11 am): ₹1,764.95
- Previous Close: ₹1,757.70
The intraday chart shows that HDFC Bank surged in the early minutes post-opening, touching a day’s high of ₹1,779.50. However, slight profit booking pushed the price lower to ₹1,758.05, before rebounding modestly.
Valuation Metrics and Fundamentals
- Market Cap: ₹13.51 Lakh Crore
- P/E Ratio: 19.39
- Dividend Yield: 1.10%
- 52-Week High: ₹1,880.00
- 52-Week Low: ₹1,426.80
HDFC Bank’s fundamentals remain robust with a stable P/E ratio of 19.39 indicating fair valuation. A 1.10% dividend yield supports investor confidence amid volatility.
Sector Comparison and Banking Outlook
The banking sector overall is seeing a wave of optimism following expectations of a policy pause by the Reserve Bank of India (RBI) and improving credit growth data. While HDFC Bank’s gains were moderate compared to peers like ICICI Bank or SBI, the stock remains a favorite among institutional investors due to its long-term earnings potential.
Expert Take
Market analysts suggest that today’s movement is part of a larger sector-wide uptick in blue-chip banking names. The recent consolidation between ₹1,750 and ₹1,770 indicates strong support zones. If broader sentiment sustains, HDFC Bank may retest its 52-week high of ₹1,880 in the coming sessions.
Investment Perspective
For long-term investors, the current level presents a good entry point considering the bank’s stable earnings, growing retail loan book, and continued digital innovation push. Short-term traders may watch the ₹1,780 resistance level as a key breakout point.
While the rise in HDFC Bank’s stock price on 8 April was not spectacular, it highlights continued investor confidence amid broader market optimism. With strong fundamentals and positive sectoral tailwinds, HDFC Bank remains a cornerstone in portfolios focused on stability and growth.
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