HDFC Bank Share Price Moves Closer to 52-Week High Mark

The HDFC Bank share price witnessed a strong upward move on April 15, contributing significantly to the broader market’s gains. On Tuesday, April 15, 2025, the stock climbed nearly 4% intraday, emerging as one of the top contributors to the rise in the Nifty 50 index, adding close to 100 points by itself. With this momentum, the HDFC Bank share price is now nearing its 52-week high of ₹1,880.00.

Savings Rate Cut Sparks Market Interest

The recent rally in the HDFC share price follows the lender’s decision to reduce its savings account interest rate by 25 basis points to 2.75% for deposits below ₹50 lakh. This marks the first rate cut since June 2020 and reflects a strategic move aimed at balancing deposit growth and margin pressures.

The rate adjustment is seen as a shift in line with broader market expectations and monetary trends. The decision comes at a time when savings deposit growth across the industry remains muted, with customers increasingly exploring more efficient avenues for returns.

Technical Indicators Show Positive Momentum

On the technical front, the Relative Strength Index (RSI) for HDFC Bank stands at 58.2, suggesting moderate strength in the ongoing uptrend. Typically, an RSI between 30 and 70 reflects a balanced zone, indicating neither overbought nor oversold conditions.

QuarterlyEarnings Update on the Horizon

Investors are also closely watching the upcoming quarterly earnings announcement, scheduled for April 19, 2025. Market participants expect key updates on business performance, loan growth, and margin trends, which could further influence the HDFC share price in the near term.

Year-To-Date Gains Build Confidence

On Tuesday, April 15, 2025, the HDFC Bank share price closed at ₹1,864.90, touching an intraday high of ₹1,875.90. The stock has gained 5% year-to-date. The current market capitalisation of the stock is at ₹1,427,062 crore. As the stock edges closer to its 52-week high of ₹1,880.00, market attention remains high, especially ahead of the upcoming results.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.