05 May 2023 By Business Team Hdfc Shares Plunged Rs 60,000 Crore In One Fell Swoop

Shares Of Hdfc Bank, The Country'S Largest Bank In The Private Sector, Saw A Huge Decline On Friday.

With The Opening Of The Share Market Due To Selling, The Bank'S Stocks Fell By 6 Percent.

The Stock Of Hdfc Bank Had Broken Down To The Level Of Rs 1630, This Decline Has Been Seen After A Report.

It Has Been Said In The Report That Hdfc Formed After The Merger Can See A Sale Of $ 1520 Million.

Index Aggregator Msci Has Said That It Will Use An Adjustment Factor Of 0.50 To Calculate The Weightage Of The Merged Hdfc Company.

Along With The Stock Of Hdfc Bank, The Share Of Hdfc Ltd Also Fell 542 Per Cent To Rs 2707.

The Market Capitalization (Mcap) Of Both The Companies Fell By Around Rs 63,870 Crore Within Minutes Of Opening Trade.

The Report Added That Msci Will Continue To Monitor This Development And Will Provide Further Information As More Information Becomes Available.

Hdfc Bank'S Consolidated Net Profit In March Quarter Of Fy202223 Up 21 Y-O-Y At Rs 125945 Cr

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