HDFC Bank Stock: This business week was not good for HDFC, the country’s largest private bank. The decline in HDFC Bank stock has continued throughout the trading week. In the last four trading weeks, HDFC stock registered a huge decline of 6.11 percent. At present the mcap of HDFC Bank is Rs 11.59 lakh crore.
Due to this decline, there has been a loss of Rs 1 lakh crore in the market capitalization of the bank. After this, the market cap of HDFC Bank has decreased to the level of Rs 11 lakh 59 thousand 495 crore. On Friday, the last day of the last trading week of this trading week, a decline of 1.53 percent was recorded in the shares of HDFC Bank. The bank share fell by Rs 23.70 and closed at Rs 1529.65.
According to market experts, this fall in HDFC shares was due to deteriorating foreign sentiments. This week, foreign investors sold HDFC Bank shares heavily.
Meanwhile, some market experts say that HDFC Bank shares may see a rise in the coming days and may give returns of up to 50 percent from the current level.
