ITC, RIL, HDFC Bank among top laggards as Nifty falls over 12% in 2026: Time to buy beaten-down stocks or
The Economic Times 1 hr ago·30 Oct 2026, 5:15 am
HDFC Bank shares have underperformed recently, contributing to the broader weakness in the Nifty 50 index. The bank's stock has slipped alongside other large-cap names like ITC and Reliance Industries, dragging the market lower over the past year. This decline reflects a period of volatility where investor sentiment has turned cautious.
For investors, this pullback means HDFC Bank's valuation has compressed, potentially making it look more attractive on a price-to-earnings basis. However, the drop also signals that macroeconomic headwinds or sector-specific concerns are weighing on the stock. It is important to remember that past performance does not guarantee future results.
Moving forward, investors should monitor the bank's quarterly results and credit growth. Any signs of recovery in the broader economy or a shift in monetary policy could influence the stock's direction. Keeping an eye on these factors will help assess whether the current valuation offers a buying opportunity or if further downside risks remain.
Affected stocks
Bearish3 stocks
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns HDFC Bank (HDFCBANK).
- Category: Stocks.
- AI reads the tone as negative (potentially bearish) for the stock.
- Flagged as a high-impact, market-moving story.
- Also mentions ITC, RELIANCE.
Why it matters
This is a high-impact development for HDFC Bank 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.
