HDFC Bank share price slumped another 2% in intraday deals on Friday, March 20, extending its decline to the second day, after non-executive chairman Atanu Chakraborty abruptly resigned, citing differences over “values and ethics”.
The shares of India’s largest private lender hit the day’s low of ₹781 and hovered close to their 52-week low of ₹772 hit in the last trading session. So far in March, HDFC Bank stock has lost over 10%, putting it on track for the worst monthly decline since March 2020.
More to come…