HDFC Bank share price closes at ₹700, gains 1.04% on November 2

Key Takeaways

• HDFC Bank ended at ₹700, gaining 1.04%, after trading between ₹689 and ₹701 and finishing only ₹1 below the day's high.
• Volume reached 22,257,970 shares, while the close remained below the 50-day DMA of ₹714.90 and well below the 200-day DMA of ₹783.90.
• The closing price was only ₹31 above the rounded 52-week low of ₹669, while the one-year return remained -29.10%.

HDFC Bank share price closed the November 2 session at ₹700, a gain of 1.04% from the previous close of ₹693. The stock opened at ₹694, fell to ₹689 and recovered to a high of ₹701. It finished only ₹1 below that high and ₹11 above the session low. Trading volume was high at 22,257,970 shares.

The daily range measured ₹12, relatively narrow in rupee terms. The close was ₹6 above the opening level and ₹7 above the previous close, leaving the share near the upper edge of its November 2 range.

The stock nevertheless remained below each of the reported moving averages. Its 50-day DMA stood at ₹714.90, only ₹14.90 above the close. The 100-day DMA was ₹738.60, giving a ₹38.60 difference. The 200-day DMA remained considerably higher at ₹783.90, or ₹83.90 above the final price.

HDFC Bank's 52-week range ran from approximately ₹669 to ₹1,018. At ₹700, the latest close was only ₹31 above the annual low but ₹318 below the high. The share therefore remained much closer to the bottom of its 52-week range. The page also indicated that a new annual low had been registered during the preceding week.

Returns remained negative over all four displayed periods. One-month performance was -2.94%, three months -6.44% and six months -9.29%. The one-year return was much weaker at -29.10%.

November 2 brought a positive session and a close almost at the day's high, but the longer-period data remained subdued. HDFC Bank finished below all three moving averages and only a relatively small distance above its rounded 52-week low.