HDFC Bank Ltd. share price declined to near day's low after Securities and Exchange Board of India issued a warning letter. The warning letter alleged non–compliance with certain provisions of the regulator.
SEBI found during its regular inspection of HDFC Bank's investment that there is non–compliance under certain provisions of the SEBI (Merchant Bankers) Regulations, 1992, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and SEBI (Prohibition of Insider Trading) Regulations, 2015, the private lender said in an exchange filing on Dec 12.
There's no impact on financial, operation or other activities of the private lender, HDFC Bank said. It received SEBI's warning letter on Dec 11.
Right after the disclosure, HDFC Bank emerged as the top dragger of the NSE Nifty 50 index. As of 1:36 p.m., the stock is the third top loser.
HDFC Bank Ltd. share price declined 0.77% to Rs 1,848.70 apiece, the lowest level since Dec 6. The stock has been declining for three days in a row.
HDFC Bank share price rose 13.40% in 12 months, and 8.43% on a year to date basis. Total traded volume on NSE so far in the day stood at 0.18 times its 30-day average. The relative strength index was at 64.88.
Out of 48 analysts tracking the company, 41 maintain a 'buy' rating, and seven recommend a 'hold', according to Bloomberg data. The average 12-month consensus price target implies an upside of 6.4%.
RECOMMENDED FOR YOU
HDFC Bank Bonus Issue: Check Ratio, Record Date And Other Key Details
Jul 21, 2025
You Can Now Own HDFC Bank Share For Around Rs 1000 Per Share After This Date....
Jul 20, 2025
BSE Shares Hit Over One-Month Low As Concerns Fuel On SEBI Bar On Jane Street
Jul 08, 2025
Stock Market Today: Nifty Ends Above 25,000; Sensex Jumps Over 1,000 Points As HDFC Bank Leads
Jun 20, 2025
POPULAR