HDFC Bank shares hit fresh 52-week low for second straight day: What is driving the stock?
The stock traded at ₹688 at 10.20 am after touching a 52-week low of ₹686.20, down from the previous close of ₹687.10
HDFC Bank's shares reached a new 52-week low, marking the second consecutive day of decline on Thursday. The stock fell to ₹686.20, a drop from the previous close of ₹687.10. At 10:20 am, the price hovered around ₹688 before the market opened. In the pre-market, the shares remained stable around ₹687. During the day, they peaked at ₹690.75 before falling back.
The buy interest was 48.59 percent, with 14,48,214 shares traded, while selling interest stood at 51.41 percent, with 15,32,033 shares changing hands. The trading volume totaled 75.60 million shares, translating to a value of ₹520.35 crore. The upper and lower bands were set at ₹755.80 and ₹618.40, respectively. The adjusted Price-to-Earnings (P/E) ratio was 13.22.
HDFC Bank's market capitalization sits at ₹10.59 lakh crore. Over the week, the stock's absolute returns declined by 2.63 percent, while for the month, it fell by 5.88 percent, and year-to-date, it has slipped 30.58 percent.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
