HDFC Bank share price drops for third straight session after Q1FY27 results: Should you buy on dip or avoid?

HDFC Bank share price fell for a third straight session, shedding over 8% in three days and around 1.2% to about Rs 752 on July 22, taking the year-to-date decline to 24%. The stock is now having its worst start to a year since 2008, with selling pressure intensifying after Q1FY27 results that, while showing a 5% YoY rise in net profit to about Rs 19,060 crore and 7% growth in NII to Rs 33,534 crore, disappointed on net interest margins which contracted to 3.26% from 3.38% sequentially. The slide has also been amplified by governance concerns, including delay in CEO Sashidhar Jagdishan's reappointment and the abrupt exit of part-time Chairman Atanu Chakraborty, though brokerages such as Motilal Oswal have retained Buy ratings.