shares were in focus on Friday after the private lender turned ex-dividend for its final dividend of ₹13 per share for FY26.
The stock traded at ₹779.35 on the NSE at 11.36 am, after opening at ₹788.70 against its previous close of ₹799. The decline in the share price comes as the stock adjusted for the dividend payout on the ex-dividend date.
When a stock trades ex-dividend, new buyers are no longer eligible to receive the declared dividend, leading to an adjustment in the share price that typically reflects the payout amount.
Separately, HDFC Bank informed stock exchanges on Thursday that its board has approved an extension of Keki Mistry’s tenure as interim Part-time Chairman.
The board approved or until the appointment of a regular Part-time Chairman, whichever is earlier.