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HDFC Bank tumbles on the BSE

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InvestmentGuruIndia
23rd February, 2021 14:57 IST

HDFC Bank is currently trading at Rs. 1530.30, down by 18.35 points or 1.18% from its previous closing of Rs. 1548.65 on the BSE.

The scrip opened at Rs. 1559.00 and has touched a high and low of Rs. 1559.00 and Rs. 1523.00 respectively. So far 217828 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1641.30 on 16-Feb-2021 and a 52 week low of Rs. 738.90 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1621.75 and Rs. 1523.00 respectively. The current market cap of the company is Rs. 844257.49 crore.

The promoters holding in the company stood at 26.00%, while Institutions and Non-Institutions held 61.06% and 12.95% respectively.

The Securities Appellate Tribunal (SAT) has stayed a Sebi order which imposed a fine of Rs 1 crore on HDFC Bank for invoking securities pledged by stock broker BRH Wealth Kreators, till further orders.

Sebi had imposed the fine and also directed the bank on January 21 to transfer Rs 158.68 crore along with 7 per cent interest per annum into an escrow account till the issue of settlement of clients' securities is reconciled.

HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.

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