They said that due to the rise in fear of second wave of COVID-19 pandemic, Bank Nifty is already under pressure and in such a scenario weak quarterly result will definitely get translated in the weakness of the stock.
Speaking on the HDFC Q4FY21 result impact on HDFC stock performance Saurabh Jain, AVP — Research at SMC said, “At a time when market is under pressure due to the second wave of COVID-19 pandemic, weak results will definitely lead to weakness in the HDFC stock performance.
Sharing the important numbers visible on the HDFC Bank share price chart Rohit Singre, Senior Technical Research Analyst, LKP Securities said, “HDFC Bank shares have strong support at ₹1,350 and has strong hurdle at ₹1,500 levels.