HDFC Bank shares gain over 1%
HDFC Bank shares deliver absolute returns of 1.87% over the week
On Friday, HDFC Bank shares surged more than 1% to hit an intraday peak of ₹722.85, up from the previous close of ₹713. The stock opened mostly unchanged at ₹715.25, which was also the day's low. This price movement followed the bank's 52-week low of ₹681.90 on September 11. During trading, sell trades outnumbered buy trades with 68.97% of the units sold (20,85,759) versus 31.03% bought (9,38,506).
The traded volume amounted to 47.14 lakh shares, generating a traded value of ₹339.14 crore. HDFC Bank's market capitalization remained at ₹11.11 lakh crore, and its adjusted P/E ratio stood at 13.72. The stock delivered an absolute return of 1.87% over the week. Over the month, HDFC Bank's shares lost 0.21%, while its year-to-date decline reached 27.21%.
Notably, the bank recently allocated 25,21,106 equity shares to employees as part of its Employee Stock Options Schemes. This allotment increased HDFC Bank's paid-up share capital from 15,41,41,79,062 to 15,41,67,00,168 shares of ₹1 each each.
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