HDFC Bank misses out on key factors in June quarter, stock under pressure

The stock fell 3% on Monday; it was the sharpest decline in reaction to the results

Slowdowns spare none. That’s the takeaway for investors in HDFC Bank from its June quarter (Q1) results, published over the weekend, even as the numbers largely met expectations.

This factor also weighed on the bank’s stock, which fell more than 3 per cent on Monday — the sharpest in reaction to the results.

But the larger question for investors is: How worried should they be? HDFC Bank’s position as market leader in private banking has so far shielded it from noticeable deceleration in loan growth or financial performance.

However, with the macro-economic outlook being far from comforting and affecting even the market leader,