Stock Radar: HDFC Bank loses momentum after hitting record high in July; what traders should do

HDFC Bank's stock hit a record high of Rs 1,791 on July 3rd following a strong June quarter business update, but then fell over 9% to Rs 1,624 by July 12th. The bank on 4th July said its gross advances registered 53% year-on-year growth at Rs 24.87 lakh crore in the first quarter. The same stood at Rs 16.3 lakh crore in the last-year quarter.