closed flat at ₹721.50 on the NSE on Wednesday, after opening at ₹714.90 and rising to an intraday high of ₹725.40. The stock had closed at ₹716.55 in the previous trading session.
The stock’s movement comes after HDFC Bank before close in the previous session following the bank’s move ahead with its CEO succession process.
The bank submitted the names of two candidates to the Reserve Bank of India (RBI) for approval.
HDFC Bank’s absolute returns stood at 5 per cent for the week, while the stock declined 0.7 per cent over the month. On a YTD basis, the stock fell 27.21 per cent.
Trading activity
The total traded volume stood at 274.77 lakh shares, while the traded value was ₹1,974.38 crore.
HDFC Bank’s total market capitalisation stood at ₹11.12 lakh crore at 11.40 am. The stock’s adjusted P/E was 13.78.