HDFC Bank shares dip below ₹716; Stock hits day low
The stock ended at ₹721.50 on Wednesday and moderated between ₹713.10 and ₹719.05 during Thursday’s session
On Thursday, HDFC Bank shares experienced a decline as the stock traded below ₹716, marking the day's low on the NSE. Opening at ₹717.50, the stock closed at ₹721.50 on Wednesday and fluctuated between ₹713.10 and ₹719.05 throughout Thursday. At approximately 11:55 am, the price fell to ₹715.90. Selling outpaced buying, with 57.41 percent, or 18,04,029 shares, being sold, compared to 42.59 percent, or 13,38,542 shares, being bought.
The stock's traded volume amounted to 96.89 lakh shares, generating a traded value of ₹693.19 crore. Its adjusted P/E ratio was 13.88, and the total market capitalization stood at ₹11.03 lakh crore. Over the week, HDFC Bank shares delivered 3.08 percent absolute returns. On a monthly basis, the stock declined by 1.90 percent, while its year-to-date decline stood at 27.85 percent.
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