HDFC Bank shares dip below ₹716; Stock hits day low

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remained in focus on Thursday, with the stock trading lower after opening at ₹717.50 on the NSE.

The stock ended at ₹721.50 on Wednesday and moderated between ₹713.10 and ₹719.05 during Thursday’s session. At around 11.55 am, the stock dipped to ₹715.90.

Trading activity

Selling activity outpaced buying, with 57.41 per cent, or 18,04,029 shares, sold, while 42.59 per cent, or 13,38,542 shares, were bought.

The stock recorded traded volume of 96.89 lakh shares, with the traded value at ₹693.19 crore. Its adjusted P/E ratio stood at 13.88, while the total market capitalisation was ₹11.03 lakh crore.

Returns

HDFC Bank shares delivered 3.08 per cent absolute returns over the week. On a monthly basis, the stock declined 1.90 per cent, while its year-to-date decline stood at 27.85 per cent.

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