HDFCBANK.NS Stock Today: January 07 – ADR Drop, LDR Worries Hit Shares
HDFC Bank share price slipped in early trade on 7 January after the HDFC Bank ADR fell 6.33% overnight. The bank’s Q3 FY26 update showed double-digit growth in advances and deposits, but a high loan-to-deposit ratio kept sentiment cautious. Investors now look to the 17 January results for clarity on margins, deposit traction, and the LDR path. On 6 January, HDFCBANK.NS closed at ₹977.5, near the lower Bollinger band. Intraday range was ₹976.3 to ₹1006.4, with volume above average.
Why shares are under pressure today
Overnight weakness in the US-listed instrument and domestic funding mix concerns weighed on sentiment. The ADR drop of 6.33% followed the business update, where an elevated loan-to-deposit ratio offset solid growth, as noted by Equitymaster. Markets want comfort on deposit accretion and margin trends. Until then, HDFC Bank share price may track global cues and domestic flows.
Live market snapshot and key levels
At the 6 January close, the stock was ₹977.5, after opening at ₹1005.75. Day low/high were ₹976.3/₹1006.4; 52-week range is ₹812.15 to ₹1020.5. Volume was 27.65 million versus a 18.49 million average, showing heightened activity. Market cap stands near ₹14.8 lakh crore. Price-to-book is about 1.36, keeping HDFC Bank share price near long-term valuation averages.
Q3 FY26 update: what the numbers hint
Advances grew 11.9% YoY to ₹28.4 lakh crore in Q3, with deposits also up double digits, per Upstox. Still, a high loan-to-deposit ratio raised questions on funding costs and margin resilience. The 17 January results should clarify deposit traction, CASA mix, and the path for the LDR, which will drive HDFC Bank share price direction.
Technical view and near-term strategy
Momentum remains weak: RSI is 33.33, CCI is -297.75, and ADX is 16, signaling no strong trend. Bollinger bands show support near ₹972 and resistance around ₹1009. Year to date, returns are about 10.59%, and one-year gains are near 11.62%. With a Grade B and a HOLD stance, traders may watch ₹972–₹1009 while investors await the Q3 print.
Final Thoughts
Pressure on HDFC Bank share price stems from the 6.33% ADR decline and LDR worries in the Q3 FY26 update. Yet, growth in advances and deposits remains healthy. For 17 January, we will track net interest margins, deposit costs, CASA mix, and management guidance on the loan-to-deposit ratio. Commentary on deposit pricing, branch expansion, and retail deposit traction will matter for medium-term valuations. Technically, ₹972 acts as immediate support with resistance near ₹1009. For now, disciplined positions and staggered entries make sense, while longer-term investors can wait for earnings clarity on margins and funding. Always align exposure with risk tolerance and time horizon.
FAQs
Why did HDFC Bank share price fall today?
Two factors hit sentiment: a 6.33% slide in the HDFC Bank ADR overnight and concerns from the Q3 FY26 update about a high loan-to-deposit ratio. While advances and deposits grew double digits, investors worry about funding costs and margins. Markets now await the 17 January results for clarity.
What does a high loan-to-deposit ratio mean for HDFC Bank?
A high loan-to-deposit ratio suggests loans are growing faster than deposits. This can lift funding costs if the bank must offer higher deposit rates or tap wholesale funding. It may pressure net interest margins. Investors will watch if deposits accelerate and the ratio trends lower in coming quarters.
What should investors track in the Q3 FY26 results on 17 January?
Focus on net interest margin, deposit growth, CASA mix, and management’s guidance on the loan-to-deposit ratio. Also look for commentary on deposit pricing competition and branch expansion. Any signs of improved deposit traction or stable margins could support sentiment and the HDFC Bank share price.
Is HDFC Bank a buy, sell, or hold right now?
With technicals weak and earnings due on 17 January, a neutral stance makes sense. Our system’s Grade is B with a HOLD view. Short-term traders can watch ₹972–₹1009 levels. Longer-term investors may await clarity on margins, deposits, and the LDR trend before adding exposure.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.