Shares of country’s top two private sector lenders HDFC Bank Ltd and ICICI Bank Ltd are trading near their 52-week low and 52-week high, respectively. Shares of HDFC Bank, which is India’s largest lender in terms of market capitalisation and assets, are down 16% this year. The weakness in the Sensex heavyweight came even as the lender reported a 34 per cent rise in its standalone net profit to Rs 16,373 crore in Q3 against Rs 12,259 crore in the corresponding quarter of the previous fiscal year. The stock fell to a 52-week low of Rs 1363.45 on February 14, 2023. In the current session, the HDFC Bank stock was trading at Rs 1,422 mark against the previous close of Rs 1422.25 on BSE.
Stocks that share market analysts recommended on July 24: Stock brokerages have come out with research reports on select stocks namely ICICI Bank, Paytm, NTPC, Sun TV Network. Here s what brokerages said about these counters.