HDFC Bank shares gained over 1% on Friday, rising to an intraday high of ₹722.85 from the previous close of ₹713, according to reports from The Hindu BusinessLine. The stock was trading near the day's high at ₹721 at 10:32 am, after opening largely flat at ₹715.25, which was also the day's low. This recovery delivered 1.87% weekly returns despite recent trading challenges and a year-to-date decline of 27.21%.
The stock's recent movement comes after it hit a 52-week low of ₹681.90 on September 11, as reported by The Hindu BusinessLine. Trading activity showed sell quantity outnumbered buy quantity during the session, with 68.97% or 20,85,759 units sold compared to 31.03% or 9,38,506 units bought. The traded volume stood at 47.14 lakh shares with a traded value of ₹339.14 crore. HDFC Bank's market capitalisation stood at ₹11.11 lakh crore.
HDFC Bank recently allotted 25,21,106 equity shares to employees following the exercise of options/RSUs under its Employee Stock Options Schemes (ESOS), according to The Hindu BusinessLine. Following this allotment, the bank's paid-up share capital increased from 15,41,41,79,062 equity shares of ₹1 each to 15,41,67,00,168 equity shares of ₹1 each. The stock's adjusted P/E ratio stood at 13.72.
The stock delivered absolute returns of 1.87% over the week but declined 0.21% over the month, as reported by The Hindu BusinessLine. Its year-to-date decline stood at 27.21%, indicating significant pressure on the stock price over the longer term despite recent weekly gains.
