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HDFC Bank shares jump 17% in 10 days

Positive+1

GreyOak summary

HDFC Bank shares surged over 17% in ten days, rising from a 52-week low of Rs 669.20 to a high of Rs 801.90. This rally followed the resolution of governance concerns regarding former leadership. Analysts note that improving operational performance and Q2 margins suggest the stock is nearing an inflection point.

What it affects

  • Shares jumped 17% as governance issues fadedRolling sentiment Neutral +10

Source

Read the original at Economic Times

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