- Foreign institutional investors offloaded 3.62% stake in HDFC Bank in Q4 March quarter
- FII holdings fell from 47.67% to 44.05%, selling 47.95 crore shares in Q4
- FIIs sold equities worth Rs 1.18 lakh crore in March amid US-Iran war and oil price rise
Foreign institutional investors in the quarter ended March offloaded 3.62% stake in HDFC Bank amid volatility in the Indian stock market.
In the fourth quarter of the previous fiscal FIIs sold 47.95 crore shares of HDFC Bank during the March quarter, according to shareholding pattern available on NSE. Their total holding has fallen to 44.05% from 47.67% in the previous quarter. In addition the number of FII investors also fell to 2,528 from 2,757 at the end of December 2025 quarter.
FIIs remained net sellers in the recently concluded quarter. The month of March saw the largest ever sell-off in the Indian stock market amid the ongoing US-Iran war and rising crude oil prices. FIIs last month sold equities worth Rs 1.18 lakh crore, according to the NSDL, taking the total outflows to Rs 1.31 lakh crore in quarter ended March.
Life Insurance Corporation of India sold marginal stake in India's largest private lender to trim its holding during the March quarter to 4.67%. On the other hand, mutual funds increased their stake in the bank in the fourth quarter of the previous fiscal. Mutual funds in the last quarter acquired close to 2.88% stake to increase their total holding to 29.54%.
ALSO READ: HDFC Bank Q4 Business Update: Credit-Deposit Gap Widens As Loans Outpace Deposits
HDFC Bank Share Performance
The scrip closed 2.68% higher at Rs 771 apiece on Monday. This compares to a 2.09% decline in the NSE Nifty 50 Index. During the day, the stock rose as much as 2.91% to Rs 772.75 per share.
It has fallen 12.27% in the last 12 months and 22.21% year-to-date.
HDFC Bank share price fell by 26.19% during the fourth quarter of the last financial year, with 17.60% decline recorded in March alone. The banking stock faced intense selling pressure in March after the sudden resignation of chairman Atanu Chakraborty.
Out of 47 analysts tracking the company 46 maintain a 'buy' rating and one maintains a 'hold' rating, according to Bloomberg data. The average 12-month consensus price target stands at Rs 1,112.47 indicating an upside of 44.3%.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
