HDFC Bank shares dip 2.5%, mcap of over ₹21k cr erased in 1 day. Should you buy?
HDFC Bank announced that the board of directors meeting will be held on October 15 to consider the audited standalone and consolidated financial results for the second quarter for FY23.
HDFC Bank shares are trading near the day's low on Friday amidst a broad-based selloff in the overall market. During the day, the majority of banking stocks were under pressure. The bank extended its bearish tone for the second day in a row. HDFC Bank is set to merge NBFC-giant HDFC under its umbrella to enable seamless delivery of home loans and improve the pace of credit growth in the economy. However, HDFC Bank is a hot pick to buy as the shares have potential to reach ₹1,800 apiece going forward.
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