🔴 HDB is trading 4.9% down today as it nears 52-week lows amid governance and sector concerns

HDB is trading at $24.14 (4.9% down) in after-hours trading, extending its recent slide toward 52-week lows despite no fresh company news on June 25.

• The move follows weeks of pressure tied to the part-time chairman’s abrupt resignation over ethical differences.
• Sentiment is further weighed down by post-merger integration and liquidity worries, alongside broader weakness in Indian banking ADRs.
• The stock has already seen a double-digit decline over the past month as sector-wide headwinds persist.