shares fell 1.30 per cent to ₹969.30 on Tuesday morning as the stock adjusted for its first-ever bonus issue, with the ex-date effective August 26. The country’s largest private lender announced a 1:1 bonus ratio alongside its quarterly results last month, meaning shareholders who held shares as of Monday’s close are eligible for one additional share for every share held.
The stock opened at ₹979.50, significantly lower than Monday’s close of ₹1,964.10, reflecting the automatic price adjustment mechanism. The bonus issue effectively doubles the number of shares while proportionally reducing the stock price, keeping the overall investment value unchanged for existing shareholders.
This marks HDFC Bank’s maiden bonus issue in over three decades of trading history. The bank previously conducted stock splits in 2011 (one ₹10 share split into five ₹2 shares) and 2019 (one ₹2 share split into two ₹1 shares). The record date for the bonus eligibility is August 27.
Trading volumes remained robust with 27.78 lakh shares changing hands worth ₹270.27 crore by mid-morning. The stock hit a high of ₹985.70 and low of ₹968.00 during early trading hours.
HDFC Bank’s market capitalization stands at ₹14,88,803 crore, with the stock trading within its normal price band limits.