HDFC Bank hits one-year high
Business Business: Shares of HDFC Bank Ltd rose 2.33% to a one-year high of ₹1,996.30. This surge in share price came after the Reserve Bank of India (RBI) announced new changes to its monetary policy. The RBI cut the repo rate by 50 basis points, bringing it down to 5.5%. This is the second cut this year, taking the total reduction to 100 basis points since February 2025.
Repo rate cuts help banks lend at lower interest rates, which supports credit growth in the economy.
Due to this positive news, many experts believe that long-term investors should hold HDFC Bank shares. They also suggest that those looking to invest should consider buying more if the price drops slightly. Some technical analysts see bullish potential in the stock, which means the price could rise even higher in the future depending on market trends.
