HDFC Bank shares fall 2% to fresh 52-week low; here’s why

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nearly 2 per cent in Wednesday’s session, hitting a fresh 52-week low as the stock traded below its previous close. The stock slipped to ₹690.65, marking a new 52-week low, before trading at ₹694.55 at 11.47 am.

The stock had closed at ₹703 on Tuesday. It opened at ₹698 on Wednesday and rose to ₹700 during the session before declining.

HDFC Bank shares today

HDFC Bank shares today

Trading activity

At the time of writing, buy quantity stood at 51.90 per cent, or 19,14,143 shares, compared with a sell quantity of 48.10 per cent, or 17,74,158 shares.

Total traded volume stood at 167.20 lakh shares, while traded value was ₹1,162.17 crore.



HDFC Bank’s total market capitalisation stood at ₹10.70 lakh crore.

The upper price band for the stock was fixed at ₹773.30, while the lower band stood at ₹632.70.

The adjusted P/E ratio of the stock stood at 13.52.

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