Hdfc Bank share are down by -0.5%, Nifty down by -0.21%

Hdfc Bank Share Price Today on : At 01 Oct 13:00 today, Hdfc Bank shares are trading at price 1723.35, -0.5% down from the previous closing price. Sensex is trading at 84214.21, down by -0.1%. The stock has hit a high of 1742 and a low of 1720.05 during the day.

On the technical front, the stock is trading above the 20,50,100,300 days SMA & lower than the 5,10 day SMA. The stock will have support at 20,50,100,300 days SMA & face resistance at 5,10 days SMA

The SMA values for the stock are given below :

The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at 1748.7, 1763.6, & 1775.75, whereas it has key support levels at 1721.65, 1709.5, & 1694.6.

Till 1 PM today, the volume traded on NSE & BSE for Hdfc Bank was -48.07% lower than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.

Overall, as per Mint technical analysis, The stock is currently experiencing a strong bullish trend.

From a fundamental analysis perspective, the company has a ROE of 17.18% .The current P/E of the stock is at 19.35 & P/B is at 2.77.

The median 1-year forecasted upside in this share is at 10.13% with a target price of 1898.00.

The company has a 25.52% promoter holding, 8.21% MF holding, & 47.15% FII holding as per filings in the june quarter.

The MF holding has increased from 8.11% in march to 8.21% in the june quarter.

The FII holding has decreased from 47.81% in march to 47.15% in the june quarter.

Hdfc Bank share price down -0.5% today to trade at 1723.35 while its peers are mixed. Its peers such as are falling today, but its peers ICICI Bank, State Bank Of India, Axis Bank, Kotak Mahindra Bank are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.21% & -0.1% each respectively.

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  • Aniket Pujari

    Aniket Pujari is a visionary entrepreneur and dedicated content creator who has made significant contributions to the digital media landscape. As the founder of Minute To Know News, he has established himself as a leading figure in the world of finance, cryptocurrencies, and Internet-related topics.

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