negative
Recently
HDFC Bank shares slide for third consecutive session amid profit booking
HDFC Bank shares fell for a third consecutive session, dropping over 5% this week amid profit-booking and rotation in banking equities.
HDFC Bank’s stock declined for the third straight trading session, slipping over 5 percent on the week as profit booking and broader banking sector pressure weighed on sentiment. Traders attributed the downward move to a mix of technical selling after recent gains and rotation into cyclical sectors. Despite solid fundamentals and steady asset quality metrics, concerns around valuation and short term macroeconomic cues triggered selective selling.