HDFC Bank shares slide nearly 2% after 26.5 lakh shares change hands in block deal
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Shares of HDFC Bank came under pressure in Friday's trade, falling as much as 1.6% to Rs 949.95 on the BSE, following a large block deal involving 26.5 lakh shares. The bulk transaction triggered a spike in volumes, raising investor concerns about potential institutional selling and prompting intraday weakness in the stock. The identity of the buyer and seller was not immediately disclosed, but the size of the deal and timing led to sharp market reactions during morning trade. Around 9:40 am, around 75,000 shares of the bank were traded on the BSE. HDFC Bank’s market capitalization at the time stood at Rs 14,68,449.26 crore. HDFC Bank share price history Over the past one year, the stock has delivered a healthy 13.76% gain, reflecting strong long-term investor confidence. On a year-to-date (YTD) basis, the stock is also up by 7.36%, indicating a steady performance so far this calendar year. Over the last six months, it has increased b...