HDFC Bank Stock Hits 3-Month Low Amid Q3 Concerns; Brokerages Divided

• HDFC Bank stock fell over 2% today, reaching a 3-month low of ₹956, marking its second consecutive day of decline.
• The fall follows the release of the bank's Q3 business update, with the stock down ~3% in 5 days and >4% in the last month.
• Analysts cite concerns over the loan-deposit ratio rising to 99%, despite management's target to reduce it to 90%.
• Motilal Oswal maintains a 'Buy' rating, while Nomura highlights slower deposit growth limiting lending and the high credit-deposit ratio.
• Despite current pressure, 46 out of 48 analysts recommend 'Buy' for HDFC Bank, indicating a positive long-term outlook.

Why It Matters: HDFC Bank stock dips to a 3-month low due to Q3 concerns, but most analysts maintain a 'Buy' rating.