HDFC Bank Large Trade: Rs 1,756 Crore Equity Stake Changes Hands, Stock Dips Amid Continued Weakness

Market Performance

HDFC Bank shares extended their recent decline on Wednesday after a significant equity stake changed hands. The stock was trading at Rs 948.35, down 1.44% in intraday trade, marking a continuation of losses seen over the past few sessions.

Over the previous two days, HDFC Bank had already slipped by nearly 3.9%, with declines of 2.4% on Monday and 1.6% on Tuesday, reflecting a cautious investor sentiment.

Main News

In a large trade, approximately 1.84 crore shares of HDFC Bank were sold, representing around 0.1% of the bank’s total equity stake. The transaction was valued at Rs 1,756 crore, with the average price per share hovering around Rs 950.

This large block sale added to the pressure on the stock, which had already seen weakness following the bank’s latest quarterly business update.

Company Details

HDFC Bank’s provisional Q3 FY26 update showed steady growth in key business metrics, though market reactions were muted:

• Average Advances Under Management: Rs 28.64 lakh crore, up 9% year-on-year from Rs 26.28 lakh crore.
• Period-End Advances Under Management: Rs 29.46 lakh crore, a rise of 9.8% year-on-year.
• Gross Advances: Rs 25.43 lakh crore, up 11.9% year-on-year.

Despite solid growth in advances, the stock saw pressure due to investor caution. Earlier this week, HDFC Bank’s shares fell to their lowest level in more than three months, indicating a short-term pause in the otherwise upward trend.

The bank’s market capitalization currently stands around Rs 14.58 lakh crore, and over the past year, the stock has risen 10.7%, marginally outperforming the Nifty 50.

Summary

• HDFC Bank experienced a large stake sale worth Rs 1,756 crore, accounting for 0.1% of its equity.
• The transaction involved 1.84 crore shares at an average of Rs 950 each.
• Shares fell 1.44% intraday, continuing a short-term downtrend over the last few sessions.
• The bank reported steady growth in advances and gross lending, with key metrics showing 9–12% year-on-year gains.
• Market capitalization remains strong at Rs 14.58 lakh crore, with the stock up 10.7% over the past year.

The large trade and the recent decline highlight a brief consolidation phase for HDFC Bank’s stock, even as the bank continues to demonstrate solid growth in its core lending business.

Source: Moneycontrol