Why Are HDFC Bank Shares Falling Today? Bank Stock Declines 2% After Q3 Update | Check Target Price

HDFC Bank Share Price: Shares of HDFC Bank Limited extended losses for the second consecutive day after the lender shared its Q3FY26 update on Monday. The bank had reported 2.1% growth in deposits, and healthy momentum in advances growth.

Despite the positive update related to the December quarter of Financial Year 2025-26 (FY 26), HDFC Bank shares were trading 1.36% lower at Rs 964.45 per share at 12 pm on Tuesday. The stock had touched an intraday low of Rs 955.90 per share and an intraday high of Rs 968.45 per share.

Why Are HDFC Bank Shares Falling Today?

While HDFC Bank reported an overall growth in terms of gross advances, loan growth, etc, there was some sluggishness in depost growth, highlighted Motilal Oswal Financial Services in its report on Tuesday, January 6.

"HDFCB's advances growth was broadly in line, while deposit growth marginally lagged our estimate. Consequently, on a calculated basis on gross advances, the CD ratio increased to 99.5% (vs. 98.8% in 1QFY26)," noted the brokerage in its report.

Additionally, HDFC Bank reported an increase in Loan-Deposit ratio (LDR) surged to nearly 99% during the third quarter of financial year 2025-26. The sharp rise in the loan-to-deposit ratio (LDR) appears inconsistent with the management's guidance to bring the metric below 90% in the near term, according to a CNBC-TV18 report. This divergence may also be contributing to investors' bearish sentiment toward HDFC Bank's share price today.

HDFC Bank Share Price Recommendation

Most of the brokerages have maintained their bullish call towards HDFC Bank stock. Motilal Oswal has given a 'Buy' rating for HDFC Bank share price with a target price of Rs 1,000 per share. Emkay Global, in its report dated 11 December, maintained a 'Buy' call with a target price of Rs 1,225 per share.

HDFC Bank Share Price Trend

HDFC Bank shares opened in red on Tuesday. The stock touched a 52-week high of Rs 1,020 per share on BSE 23 October 2025, and 52-week low of Rs 812 per share on 13 January, 2025. HDFC Bank share price has a return on equity (ROE) of 15.46%. The company scrip value has surged 12.7% in one year, and has fallen nearly 4% in one month.

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