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The Economic Times

Business

Debaroti Adhikary

HDFC Bank shares drop 2%. What lies ahead as lender set to announce Q1 earnings this week?

HDFC Bank Motilal Oswal

Shares of HDFC Bank fell nearly 2% on Monday, erasing around Rs 21,500 crore from the lender's market capitalisation and weighing on the broader market, making it one of the key contributors to the day's decline.

After opening, HDFC Bank shares fell to Rs 811 apiece, snapping a two-session gaining streak. The market capitalisation of India’s largest private lender dropped to Rs 12.49 lakh crore.

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