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HDFC Bank: Despite merger, stock may remain sideways, caution analysts

Shares of HDFC Bank gained 3.2 per cent on the BSE in Monday's intra-day trade to hit a fresh record high of Rs 1,758 apiece

HDFC Bank: Despite merger, stock may remain sideways, caution analysts
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Nikita Vashisht New Delhi

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With the merger between HDFC Bank and HDFC Ltd complete, analysts said the next key monitorable for the Street would be successful resolution of merger-related hiccups, including employee-related churn and roll out of complete banking services across branches.

At the bourses, they expect the stock to perform in-line with the benchmark indices in the near-term.


"There's usually an initial period of consolidation after a merger as the entities work towards integration. This may lead to short-term market volatility," said

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First Published: Jul 03 2023 | 1:03 PM IST

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