How to trade HDFC Bank shares after new 52-week low? Analysts weigh in
Shares of India’s largest private lender HDFC Bank fell as much as 2% to a day’s low of Rs 700 on the BSE on Wednesday, with the stock remaining volatile as investors assess the lender’s ongoing search for a new CEO after Sashidhar Jagdishan said he would not seek an extension beyond his current term, which ends on October 26.
The stock hit a new 52-week low of Rs 698.50 in the previous session. So far this year, HDFC Bank shares are down nearly 30%.
The stock hit a new 52-week low of Rs 698.50 in the previous session. So far this year, HDFC Bank shares are down nearly 30%.
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