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HDFC Bank shares slip under selling pressure, near 52-week low

The stock opened at ₹726.30, touched a high of ₹729, matching the previous close, before slipping to a low of ₹724.60, just above its 52-week low of ₹722, recorded on August 12

HDFC Bank shares slip under selling pressure, near 52-week low

HDFC Bank shares experienced a decline under selling pressure on August 18, closing near its 52-week low of ₹722. The stock fell ₹4.05, or 0.56 percent, to ₹724.95, with sell-side orders dominating at 56.38 percent of total traded quantity. Analysts note that HDFC Bank has lost 26.86 percent year-to-date and 27.64 percent over the past year, underperforming the Nifty 50, which has only declined by 7.36 percent YTD. The broader banking index, Nifty Bank, is currently trading at 57,289.50, down 0.36 percent.

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