HDFC Bank shares climb to ₹752 amid leadership changes
Business
HDFC Bank shares climbed for the third straight day on Thursday, hitting ₹752.00 at midday, a 2.08% bump and a solid comeback from last week's 52-week low of ₹669.20.
The rise comes even as the bank faces leadership changes and some market ups and downs.
HDFC Bank market cap ₹11,59,977.21 cr
Despite most traders selling (85.79% of total order quantity on the sell side versus 14.21% on the buy side), HDFC Bank's market cap jumped to ₹11,59,977.21 crore, with trading volumes topping ₹2,441.80 crore.
Even though the stock is still down 24.09% this year, it's bounced back recently, posting a weekly return of 10.11%, which actually beats Nifty 50's gain of 6.37%.
That shows investors are still backing HDFC Bank through all the uncertainty in banking right now.