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HomeMarket NewsHDFC Bank Share Price Live Updates: Stock tanks 5%, loses ₹60,000 cr; valuations sink below Covid lows
HDFC Bank share price LIVE Updates: Shares of HDFC Bank Ltd., a heavyweight in both the Nifty 50 and Nifty Bank indices, opened as much as 9% lower on Thursday, March 19, following a change in leadership. However, the stock erased some losses following the management's conference call and are now trading 5% lower. Follow CNBC-TV18's live blog for the latest updates.
HDFC Bank share price LIVE Updates: Shares of HDFC Bank Ltd., a heavyweight in both the Nifty 50 and Nifty Bank indices, opened as much as 9% lower on Thursday, March 19, following a change in leadership. However, the stock erased some losses following the management conference call and are now trading 5% lower. Part-time Chairman and independent director Atanu Chakraborty has stepped down, while former HDFC Ltd. Chief Executive Officer Keki Mistry has been appointed as interim part-time Chairman, subject to approval from the Reserve Bank of India.
The bank's American Depositary Receipts (ADRs) have also declined over 7%. Follow CNBC-TV18's live blog for the latest updates.
