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The Economic Times

Akash Podishetti

Rough patch! How HDFC group delivered a Rs 4.4 lakh crore blow to investors in one year

HDFC HDFC Bank HDFC Life Insurance Insurance

HDFC group stocks have had a weak one year on Dalal Street, with four listed names together losing about Rs 4.38 lakh crore in market value over the last 12 months. The biggest drag has been HDFC Bank. The stock has fallen 26% in one year, wiping out Rs 3.73 lakh crore in market value. Its market cap declined to Rs 11 lakh crore from Rs 15 lakh crore a year earlier.

HDFC Life Insurance has been the worst performer in percentage terms. The stock has dropped 29% in one year, erasing Rs 47,261 crore in market value. Its market cap fell to Rs 1.2 lakh crore from nearly Rs 1.7 lakh crore. HDB Financial, meanwhile, has declined 13% over the same period, losing Rs 8,458 crore in market value. HDFC AMC has fallen 7%, with its market value down Rs 8,649 crore.

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