HDFC Bank hits 52-week low; slips 26% since merger announcement with HDFC

Slower-than-expected credit growth amid weakening macros due to the Ukraine-Russia conflict; further softness in margins due to slower retail credit growth are key risks according to analysts

Shares of HDFC Bank hit a fresh 52-week low of Rs 1,282.35, down 2 per cent on the BSE in Thursday's intra-day trade. The stock has fallen 26 per cent since the announcement of its merger with housing finance company, HDFC Ltd. The stock had hit a high of Rs 1,721.85 on April 4, 2022 in the intra-day trade. Moreover, it had touched a 52-week high of Rs 1,724.30 on October 18, 2021.

On April 4, HDFC and HDFC Bank announced that their boards have approved an all-stock amalgamation of the former into the latter to create a banking