HDFC Bank Shares Adjust Post Bonus Issue, Trading Volumes Remain Strong
HDFC Bank shares opened 1.30% lower at ₹969.30 as the market priced in the bank's first-ever 1:1 bonus issue. The automatic adjustment saw shares trade at half their previous close of ₹1,964.10, maintaining equivalent shareholder value through proportional price reduction.
Trading activity remained vigorous with 277,800 shares worth ₹270 crore changing hands by mid-morning. The stock fluctuated between ₹968.00 and ₹985.70 during early sessions, demonstrating typical volatility surrounding corporate actions.
The private lender's market capitalization held steady at ₹14.89 trillion. This corporate action follows previous capital restructuring through stock splits in 2011 and 2019, marking a new milestone in the bank's three-decade trading history.
