HDFC Bank shares crash 5%, wipe off Rs 70,000 cr from investor wealth. Why Jefferies, Nomura, others see up to 28% upside?

Shares of HDFC Bank fell more than 5% on Monday after the private lender's Q1 earnings failed to impress investors, wiping out nearly Rs 70,000 crore in market value, even as brokerages remained bullish on the stock.HDFC Bank fell to an intraday low of Rs 774.55 apiece on the NSE, with its market...

First seen 17h ago · latest update 17h ago · India · business