HDFC Bank shares stayed weak on Monday, adding to last week’s losses, as worries around governance, leadership changes and regulatory issues kept investors on edge.
The stock fell over 3 per cent in early trade to around ₹754 on the BSE, slipping close to its 52-week low of ₹752.85.
The decline comes after a difficult run for the stock. HDFC Bank had already lost nearly 10 per cent in just five sessions last week, and is now down over 18 per cent in the past month.
Pressure builds after sharp erosion in value
The fresh fall follows a steep erosion in the bank’s market value last week, when it emerged as the biggest loser among India’s most-valued companies.
Its market capitalisation had dropped by over ₹56,000 crore during the week, even as the broader market remained largely flat with a negative bias.
What’s worrying investors
Market participants say the current sell-off is being driven less by broader market trends and more by stock-specific concerns.
Investors are staying on the sidelines for now, as worries around governance, leadership changes and regulatory issues continue to linger.
The timing hasn’t helped either. Global markets are already shaky, which has made the decline in a heavyweight like HDFC Bank even sharper.