HDFC Bank shares decline amid bond redemption, ESG rating, block deal updates
During the session, it moderated between ₹700 and ₹705.65, compared with the previous close of ₹711.90.
HDFC Bank's shares declined 1.38% on Wednesday, trading at ₹702 on the NSE. The stock saw a moderate trading range between ₹700 and ₹705.65 during the session, and the previous close was ₹711.90. In the prior session, the stock had hit a 52-week low of ₹698.50, with a traded volume of 152.15 lakh shares and a turnover of ₹1,068.62 crore.
The bank's market capitalisation stood at ₹10.82 lakh crore, with an adjusted P/E ratio of 13.69. HDFC Bank announced its intention to exercise a call option to redeem ₹739 crore of Additional Tier 1 bonds on September 30, as reported in a stock exchange filing. Additionally, the bank received an ESG rating of 74.4 from SES ESG Research Private Limited, which was independently prepared and not commissioned by HDFC Bank. The bank clarified that it had not engaged the rating agency for any rating or report.
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