HDFC Bank Plummets Over 9%, On Track for Largest Daily Drop Since March 2020

Deep News07-20

During early Monday trading in US markets, the American Depositary Receipts (ADRs) for HDFC Bank (HDB) were quoted at $23.82, a decline of $2.56 or 9.69%.

This price level puts the stock on course to close at its lowest point since June 11, 2026, when it finished at $23.81.

The current slide is also set to mark the largest single-day percentage loss for the bank since March 23, 2020, when it fell 16.27%.

The sharp drop has ended a prior three-session winning streak for the shares.

So far this month, the stock has declined by 7.76%.

Year-to-date, the shares have tumbled 34.8%.

The current price represents a 43.1% fall from the all-time closing high of $41.88 reached on March 11, 2021.

Compared to its closing price of $39.23 from a year ago on July 21, 2025, the stock is down 39.27%.

It has fallen 39.64% from its 52-week closing peak of $39.47, recorded on July 23, 2025.

However, the current price is still 3.54% above its 52-week closing low of $23.01, set on June 8, 2026.

Earlier in the session, the shares dipped to a low of $23.29, which was the weakest intraday level since June 11, 2026, when they touched $23.22.

The maximum intraday decline reached 11.71%, marking the largest intraday percentage drop since March 23, 2020, when it plunged 17.55% during the session.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment