HDFCBANK

share price: Market cap down 8% in week! Investors lose Rs 95825 cr; stock down 4%

HDFC Bank share price: The market capitalisation of HDFC Bank tanked nearly 8 per cent in one week. On March 16, the market cap of the private lender was Rs 12,56,920 crore. The bank came into the spotlight last week following the resignation of its part-time Chairman, Atanu Chakraborty. On March 23, the market cap was Rs 11,61,094 crore, which is a reduction of over Rs 95,825 crore. Several brokerages, including Bernstein, Citi, Emkay, and Nirmal Bang, recently issued stock recommendations, target prices, and largely bullish commentary. The brokerages see an upside of over 50 per cent for the stock from the current price level. Brokerages on HDFC Bank Bernstein Bernstein maintains an “Outperform” rating on HDFC Bank with an unchanged target price of Rs 1,150, implying an upside of 40.1 per cent from the current market price.