HDFC Bank share price falls 1.82% to ₹694.05 on October 22

Key Takeaways

• HDFC Bank ended at ₹694.05, down ₹12.90 or 1.82%, after trading between ₹689 and ₹703.
• The closing level stood just ₹12.05 above the displayed 52-week low of ₹682 and remained below all three major moving averages.
• Volume reached 65.41 million shares, while the one-year return stood at -31.13%.

HDFC Bank share price closed October 22 at ₹694.05, declining ₹12.90 or 1.82%. It opened at ₹701 against a previous close of ₹707 and moved between ₹689 and ₹703 during the session. The displayed high-low spread was only ₹14, yet the stock's closing decline exceeded 1.8% because the prior session had ended above the entire October 22 intraday range.

The close was ₹5.05 above the day's low and ₹8.95 below the high. Volume was substantial at 65,412,101 shares, making turnover in share-count terms one of the notable numbers for HDFC Bank. The stock also ended below its ₹701 opening level.

Moving-average comparisons showed the October 22 price below all three major measures. The 50-day DMA stood at ₹723.60, the 100-day DMA at ₹746.20 and the 200-day DMA at ₹790.80. HDFC Bank therefore closed ₹29.55 below its 50-day DMA and ₹96.75 below the 200-day measure. The progressive gap across the three averages was wider than for stocks whose DMAs were clustered together.

The stock was also close to the lower edge of its displayed 52-week range. The annual low was ₹682 and the high ₹1,021. At ₹694.05, HDFC Bank finished only ₹12.05 above the low, compared with a ₹326.95 gap to the annual high.

Returns were negative across all four listed horizons. One-month performance stood at -6.15%, the three-month return at -8.85% and six-month performance at -14.50%. The one-year return was -31.13%, the largest decline among those four periods. The combination of high daily volume, a price close to the annual low and a materially negative one-year figure formed the stock's principal numerical characteristics for October 22.