HDFC Bank surges on looking to regain lost market share in 1 year after RBI lifts credit card ban

HDFC Bank is currently trading at Rs. 1537.85, up by 14.35 points or 0.94% from its previous closing of Rs. 1523.50 on the BSE.

The scrip opened at Rs. 1528.00 and has touched a high and low of Rs. 1539.75 and Rs. 1527.40 respectively. So far 42811 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1650.00 on 24-Feb-2021 and a 52 week low of Rs. 1025.15 on 24-Sep-2020.

Last one week high and low of the scrip stood at Rs. 1564.75 and Rs. 1487.00 respectively. The current market cap of the company is Rs. 849595.23 crore.

The promoters holding in the company stood at 25.89%, while Institutions and Non-Institutions held 60.85% and 13.10% respectively.

HDFC Bank is looking at winning back the market share by several cards in the next year. The largest private sector lender by assets was allowed to issue new credit cards by the RBI last week, over eight months after being banned from doing so due to concerns over repeated technological outages.

HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.

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