HDFC Bank Shares Dip 2% Post Q3 Update; Union Bank Hits 52-Week High
Business
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Moneycontrol•05-01-2026, 16:22
HDFC Bank Shares Dip 2% Post Q3 Update; Union Bank Hits 52-Week High
- •HDFC Bank shares fell over 2% on Jan 5 after releasing Q3 FY26 provisional updates.
- •Union Bank of India shares surged over 4%, reaching a fresh 52-week high of Rs 162.99.
- •HDFC Bank reported a 9% YoY rise in average advances to Rs 28.64 lakh crore and 12.2% rise in average deposits.
- •Union Bank's gross advances grew 7.13% YoY to Rs 10.17 lakh crore, with deposits up 3.36%.
- •Nifty Bank index closed marginally lower; other bank stocks showed mixed performance.
Why It Matters: HDFC Bank shares dropped post Q3 results, while Union Bank soared to a 52-week high.
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