HDFC Bank Sees Rs. 58.41 Crore Block Trade on NSE at Rs. 951 Per Share
HDFC Bank recorded a major block trade on NSE worth Rs. 58.41 crores involving 614,187 shares at Rs. 951.00 per share. The transaction represents significant institutional activity and highlights substantial market interest in the banking stock.
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HDFC Bank witnessed a significant block trade on the National Stock Exchange (NSE), highlighting substantial institutional activity in one of India's leading private sector banks.
Block Trade Details
The transaction involved a considerable volume of shares and represents a notable market development for the banking sector.
| Parameter: | Details |
|---|---|
| Total Transaction Value: | Rs. 58.41 crores |
| Number of Shares: | 614,187 shares |
| Price Per Share: | Rs. 951.00 |
| Exchange: | NSE |
Market Significance
Block trades are typically executed by institutional investors and represent large-volume transactions that occur outside the regular market trading mechanism. Such transactions often indicate significant portfolio adjustments by institutional players, including mutual funds, insurance companies, or foreign institutional investors.
The execution price of Rs. 951.00 per share reflects the market valuation at which the large transaction was completed. The substantial volume of over 614,000 shares demonstrates the scale of institutional interest in the banking stock.
Transaction Impact
The Rs. 58.41 crore transaction represents a significant single-day institutional activity for HDFC Bank shares. Block trades of this magnitude often provide insights into institutional sentiment and portfolio rebalancing activities in the banking sector.
Historical Stock Returns for HDFC Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.19% | +2.60% | -5.10% | -5.53% | +13.29% | +20.71% |
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