4 months, 2 weeks ago

Explained: Why HDFC Bank share price gained 2% today

HDFC Bank's market capitalisation surpassed Rs 14 lakh crore on Tuesday after its shares gained in early trade, buoyed by reports of a major block deal. The block deal involved the sale of 21.7 lakh shares, valued at approximately Rs 392 crore based on the bank's previous closing price of Rs 1,804.55. HDFC Bank shares rose 2% in early trade to touch a day high of Rs 1,837. The bank's market cap last crossed Rs 14 lakh crore during intraday trade on November 28, before the stock settled below Rs 1,800.