Page 44 - Axis Securities News Today : Breaking News, Live Updates & Top Stories | Vimarsana

HDFC Bank shares fell as dip buyers were insufficient following Wednesday's crash, resulting in a loss of Rs 1.3 lakh crore in market capitalisation. Investor concerns include flat NIM despite ICRR withdrawal and decline in LCR. Deposits grew slowly compared to guidance. Jefferies sees potential in HDFC Bank's valuation and emphasizes NIM expansion for stock movement. Nomura downgraded the stock due to funding mix challenges.

India Business News: HDFC Bank shares plummeted by 3.7% to Rs 1,480 on the BSE, resulting in a decline of about Rs 1.3 lakh crore in market capitalization since yesterday.

Top stock picks for today: On the stock-specific front, the market expert selected Apollo Hospitals Enterprise Ltd as one his top picks for the day. "One can buy Apollo Hospitals share for target prices of Rs 6,020-6,040, keeping stop loss placed at Rs 5,860, Rajesh Palviya told Business Today TV.

The Street will closely track NIMs after bigger rival HDFC Bank disappointed on that front. Bank margins have been under pressure for a year now

(This story has not been edited by THE WEEK and is auto-generated from a PTI