HDFC Bank share price hits record high; should you buy the stock ahead of Q4 results?

HDFC Bank share price hit a fresh all-time high of 1,882.05 in intraday trade on BSE on Wednesday, April 16, looking set to extend gains to the third consecutive session. HDFC Bank shares opened at 1,882 against their previous close of 1,864.90 and soon climbed to its lifetime high of 1,882.05. Around 10:05 AM, the banking stock traded 0.60 per cent up at 1876.10. Equity benchmark Sensex was 0.12 per cent up at 76,830 at that time.

Please note that this lifetime high price of HDFC Bank includes price adjustment after a stock split on 19 September 2019.

Despite market volatility, HDFC Bank’s share price has seen healthy gains this year. As of the previous session’s (April 15) close, the stock had jumped 5 per cent…

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