Stocks to watch today: HDFC Bank's shares will remain in focus after bank's MD & CEO, Sashidhar Jagdishan, decided not to seek reappointment.
Improving NIMs, which hit record low in Q1, a key medium-term trigger
Stocks to watch today: IT services major HCLTech said it had collaborated with chemicals and biotechnology company Wacker Chemie to set up its global capability centre (GCC) in Pune.
Shares decline around 2 per cent as a US securities fraud class-action lawsuit and uncertainty over MD & CEO Sashidhar Jagdishan's succession weigh on sentiment
On a year-to-date (YTD) basis, HDFC Bank has declined 28 per cent and remains 8 per cent lower than in the last five years.
HDFC Bank stock: Thus far in the calendar year 2026, HDFC Bank underperformed the market by falling 27 per cent, compared to a 8.2 per cent decline in the BSE Sensex.
Earlier today, Christopher Wood, global head of equity strategy at Jefferies, in his weekly note GREED & fear, revealed that he has exited HDFC Bank to make way for names like MCX and Lenksart.
Thus far in the calendar year 2026, HDFC Life's stock price tanked 29 per cent.
In the two sessions, post announcement of its Q1 results on Saturday (July 18), HDFC Bank shares have lost nearly 7 per cent. The sharp decline has erased around ₹80,000 crore from its market cap.
HDFC Bank reported a 5 per cent increase in standalone profit for the first quarter to ₹19,060 crore on a year-on-year basis. Total deposits increased 14.7 per cent Y-o-Y to ₹31.71 trillion
HDFC Bank and Axis Bank were down 5 per cent each, while Yes Bank and Kotak Mahindra Bank from the Nifty Bank index were down 4 per cent each in intra-day deals on Monday.
SML Mahindra, UltraTech Cement, Karur Vysya Bank and BlueStone Jewellery among top stocks slated to post their Q1 results today.
HDFC Bank Q1 result preview: Q1 could be a mixed quarter for the lender, with analysts expecting flat NIMs. Asset quality is likely to remain steady, while loan growth may stay in double digits
While renewed geopolitical tensions in West Asia are likely to keep markets choppy, the Nifty 50 could rise to 26,500 by June 2027, around 10 per cent upside from current levels, Goldman Sachs said.
Virat Jagad, technical analyst at Bonanza says HDFC Bank displays a positive price action, with key momentum oscillators favourably placed. The analyst expects the stock to target ₹880 levels.
Buying interest extended to broader markets as well, with the Nifty Midcap 100 and Nifty Smallcap 100 indices settled higher by 0.45 per cent and 0.75 per cent, respectively
HDFC Bank's business momentum remained steady, with sequential advances and deposits continuing to register healthy growth, said ICICI Securities in a note.
While retaining HDFC Bank, Bernstein has added Axis Bank to its portfolio amid hopes of an improvement in asset quality and a more favourable trajectory for credit costs.
Stocks to Watch today, June 30, 2026: Tech Mahindra, Axis Bank, Godrej Properties, RITES, SIS, Jagsonpal Pharma, and Sterling and Wilson Renewable Energy are top stocks to remain in focus
Ban stocks are in the spotlight today as the RBI allowed domestic lenders to extend loans to non-residents against foreign currency deposits, including via their offshore branches.