HDFC Bank shares crash 5%, wipe off Rs 70,000 cr from investor wealth. Why Jefferies, Nomura, others see up to 28% upside?
Economic Times 17 hrs ago·20 Jul 2026, 7:46 am
HDFC Bank shares fell sharply on Monday, wiping out nearly Rs 70,000 crore in market value as its Q1 earnings failed to impress investors. The drop reflects concerns over margin pressure and a muted market reaction to the quarterly results. Despite the sharp decline, the stock remains a focal point for the broader banking sector.
Several leading brokerages, including Jefferies, Nomura, Motilal Oswal, and Anand Rathi, have maintained their bullish ratings on the stock. These firms see significant upside potential, with some targets pointing to gains of up to 28%. This divergence between the market's immediate reaction and the brokerages' long-term outlook highlights the ongoing debate over the bank's growth trajectory.
Investors should watch for the bank's commentary on credit growth, asset quality, and cost control in the coming quarters. The key will be whether the bank can navigate current headwinds and deliver on its strategic goals, which could determine if the stock can reclaim its lost ground in the near future.
Affected stocks
Bearish1 stock
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Motilal Oswal FIN (MOTILALOFS).
- Category: Results.
- AI reads the tone as negative (potentially bearish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
This is a high-impact development for Motilal Oswal FIN and could move the stock. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
