Foreign institutional investors (FIIs) offloaded 3.62% of their stake in HDFC Bank during the quarter ending March, reducing their total holding from 47.67% to 44.05%. This sell-off occurred amid a turbulent market environment, influenced by the ongoing US-Iran conflict and rising crude oil prices, which led to a record sell-off of equities worth ₹1.18 lakh crore in March alone. The total outflows for the quarter reached ₹1.31 lakh crore. While FIIs decreased their investment, mutual funds increased their stake by 2.88%, bringing their total holding to 29.54%. HDFC Bank shares closed 2.68% higher at ₹771 on Monday, despite a 12.27% decline over the past year and a 22.21% drop year-to-date. The stock faced significant selling pressure following the resignation of chairman Atanu Chakraborty. Analysts remain optimistic, with 46 out of 47 maintaining a 'buy' rating and an average price target suggesting a potential upside of 44.3%.