Shares of HDFC Bank Ltd rose by 1.10% in Wednesday's trading session, reaching a high of Rs 1,787.90. This upward movement marks a 9.05% increase over the past month, bringing the stock close to its record high of Rs 1,791.90, achieved on July 3, 2024.
HDFC Bank, a prominent player in the Indian banking sector, has been witnessing positive momentum in recent weeks, driven by strong financial performance and favorable market sentiment. Analysts attribute the stock's rise to its solid fundamentals, continued growth in loan disbursements, and healthy asset quality.
Investors are closely watching the stock as it approaches its previous high, anticipating further gains if the bank continues to perform well in the coming quarters.
