Bank Stocks Under Pressure: Axis, Kotak, HDFC Bank Shares Fall 5% After Q1 Results — Buy, Sell, Or Hold?

HDFC Bank disappointed D-Street in terms of net interest margins during the first quarter of current fiscal, while ICICI Bank delivered a strong performance. Shares of HDFC Bank opened at Rs 790 against a previous close of Rs 819.60, extending losses by upto 5% to hit an intraday low of Rs 777.50 apiece on the NSE.