HDFC Bank share price: HDFC Bank shares rise 2% after large block deal; market cap crosses Rs 14 lakh crore
In a noteworthy block deal executed on Tuesday, 21.7 lakh shares of HDFC Bank were sold, ET Now reported. This pushed the bank’s market capitalisation above Rs 14 lakh crore during morning trade, with shares climbing as much as 2% to Rs 1,837 on the BSE.
While the identities of buyers and sellers involved in the transaction remain undisclosed, the deal’s value is estimated at Rs 392 crore, based on the company’s closing price of Rs 1804.55 on the previous day.
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The deal highlights strong investor interest in HDFC Bank, which has seen a 14% gain in its share price over the past year. However, this growth has lagged the broader NSE Nifty 50,…
