HDFC Bank shares slide nearly 30% from peak, hit 52-week low

HDFC Bank shares have tumbled to a 52-week low, marking a steep decline of nearly 30% from their recent peak. This sharp correction reflects a significant sell-off in the stock, which has now lost nearly 28% over the past year. The bank's performance has notably lagged behind the broader market, with the Nifty 50 index falling roughly 7.83% during the same period.

For investors, this sharp drop highlights the stock's volatility and the risks associated with holding a large position in a single large-cap name. The steep fall has erased a substantial portion of recent gains, leaving many retail investors concerned about the valuation and future growth prospects of the bank. The market is now closely watching the bank's upcoming quarterly results and management commentary for any signs of a turnaround or further downside.