HDFC Bank Slides for Third Day to Three-Month Low After ADR Drop and Block Trade

Overview

• HDFC Bank shares fell for a third straight session on Jan. 7, down over 5% across three days and touching an intraday low near Rs 947–952.
• Tuesday’s 6.33% decline in the bank’s U.S.-listed ADRs and a large on-market block deal added to selling pressure in domestic trade.
• The weakness follows a Q3 operational update showing year-on-year growth in gross advances (+11.9%), average deposits (+12.2%) and CASA (+9.9%).
• Analysts flag softer deposit accretion and a stretched loan-to-deposit profile as key worries, even as the stock trades below its 200-day moving averages.
• Most brokers maintain buy ratings with upside targets, pointing to the Jan. 17 earnings release as the next catalyst to clarify fundamentals.